CANEX Metals Inc. (CVE:CANX – Get Free Report) shares dropped 20% on Wednesday . The stock traded as low as C$0.04 and last traded at C$0.04. Approximately 229,000 shares changed hands 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 Trading Down 20.0 %
The stock has a 50-day moving average price of C$0.04 and a two-hundred day moving average price of C$0.04. The stock 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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