Shares of CANEX Metals Inc. (CVE:CANX – Get Free Report) dropped 20% during trading on Tuesday . The company traded as low as C$0.04 and last traded at C$0.04. Approximately 198,119 shares traded hands during mid-day trading, an increase of 49% from the average daily volume of 132,881 shares. The stock had previously closed at C$0.05.
CANEX Metals Price Performance
The company’s 50-day simple moving average is C$0.04 and its 200-day simple moving average is C$0.04. The stock has a market capitalization of C$5.51 million, a P/E ratio of -18.12 and a beta of 1.19.
About CANEX Metals
CANEX Metals Inc, a junior exploration company, engages in the acquisition, exploration, and development of mineral properties in Canada and the United States. The company explores for gold and silver deposits. It holds interests in the Gold Range property that consists of 262 lode mining claims and 2 patented claims covering an area of 1650 hectares located in Mohave County, Arizona; and Gibson property covering an area of 887 hectares located in central British Columbia.
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