CANEX Metals (CVE:CANX) Shares Down 10% – Time to Sell?

CANEX Metals Inc. (CVE:CANXGet Free Report)’s share price traded down 10% during mid-day trading on Friday . The company traded as low as C$0.05 and last traded at C$0.05. 246,000 shares changed hands during mid-day trading, an increase of 90% from the average session volume of 129,236 shares. The stock had previously closed at C$0.05.

CANEX Metals Stock Performance

The stock’s 50-day moving average price is C$0.04 and its 200-day moving average price is C$0.04. The company has a market capitalization of C$5.51 million, a price-to-earnings ratio of -18.12 and a beta of 1.19.

About CANEX Metals

(Get Free Report)

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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