CANEX Metals Inc. (CVE:CANX – Get Free Report)’s stock price dropped 20% on Tuesday . The stock traded as low as C$0.04 and last traded at C$0.04. Approximately 229,000 shares were traded during mid-day trading, an increase of 60% from the average daily volume of 143,012 shares. The stock had previously closed at C$0.05.
CANEX Metals Stock Performance
The company has a 50-day simple moving average of C$0.04 and a 200-day simple moving average of C$0.04. The company has a market cap of C$4.90 million, a price-to-earnings ratio of -16.11 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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