Callinex Mines (CVE:CNX) Reaches New 1-Year Low – Time to Sell?

Shares of Callinex Mines Inc. (CVE:CNXGet Free Report) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$0.82 and last traded at C$0.82, with a volume of 42093 shares trading hands. The stock had previously closed at C$0.83.

Callinex Mines Stock Up 2.4 %

The stock has a market cap of C$16.00 million, a PE ratio of -14.17 and a beta of 1.98. The business has a 50 day moving average price of C$0.90 and a 200 day moving average price of C$0.99. The company has a quick ratio of 2.32, a current ratio of 0.45 and a debt-to-equity ratio of 0.10.

Callinex Mines Company Profile

(Get Free Report)

Callinex Mines Inc engages in the acquisition, exploration, and development of mineral properties in Canada. The company explores for copper, zinc, gold, and silver deposits. Its principal project portfolio includes the Pine Bay project that covers an area of 6,795 square hectare and 77 contiguous mineral claims situated in the Flin Flon Mining District, Manitoba; and the Nash Creek property, which comprises seven contiguous mineral claims that covers an area of 15,542.31 hectares located in Restigouche County in northeast New Brunswick.

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