CANEX Metals (CVE:CANX) Trading 16% Higher – Should You Buy?

CANEX Metals Inc. (CVE:CANXGet Free Report)’s stock price shot up 16% during mid-day trading on Tuesday . The company traded as high as C$0.15 and last traded at C$0.15. 204,422 shares changed hands during trading, an increase of 30% from the average session volume of 156,675 shares. The stock had previously closed at C$0.13.

CANEX Metals Price Performance

The firm has a market capitalization of C$21.31 million, a price-to-earnings ratio of -36.24 and a beta of 1.24. The firm has a 50 day moving average price of C$0.13 and a 200-day moving average price of C$0.09.

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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