Callinex Mines (CVE:CNX) Hits New 1-Year Low – What’s Next?

Shares of Callinex Mines Inc. (CVE:CNXGet Free Report) reached a new 52-week low on Tuesday . The company traded as low as C$0.65 and last traded at C$0.65, with a volume of 29500 shares trading hands. The stock had previously closed at C$0.77.

Callinex Mines Price Performance

The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.32 and a current ratio of 1.68. The company has a 50-day moving average price of C$0.82 and a 200-day moving average price of C$0.91. The firm has a market capitalization of C$15.93 million, a P/E ratio of -14.61 and a beta of 1.98.

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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