CANEX Metals (CVE:CANX) Stock Price Down 22.2% – Here’s What Happened

CANEX Metals Inc. (CVE:CANXGet Free Report) was down 22.2% on Tuesday . The company traded as low as C$0.04 and last traded at C$0.04. Approximately 205,000 shares changed hands during trading, an increase of 178% from the average daily volume of 73,786 shares. The stock had previously closed at C$0.05.

CANEX Metals Price Performance

The firm has a market capitalization of C$4.58 million, a P/E ratio of -4.00 and a beta of 1.19. The stock’s fifty day simple moving average is C$0.04 and its 200 day simple moving average is C$0.04. The company has a debt-to-equity ratio of 0.64, a current ratio of 43.42 and a quick ratio of 15.67.

About CANEX Metals

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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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