CANEX Metals (CVE:CANX) Stock Price Down 10% – Time to Sell?

CANEX Metals Inc. (CVE:CANX) shares were down 10% during mid-day trading on Wednesday . The stock traded as low as C$0.05 and last traded at C$0.05. Approximately 104,000 shares traded hands during mid-day trading, an increase of 35% from the average daily volume of 77,135 shares. The stock had previously closed at C$0.05.

CANEX Metals Stock Performance

The business’s fifty day moving average is C$0.05 and its two-hundred day moving average is C$0.05. The company has a current ratio of 43.42, a quick ratio of 15.67 and a debt-to-equity ratio of 0.64. The company has a market capitalization of C$5.15 million, a PE ratio of -5.00 and a beta of 1.23.

CANEX Metals Company Profile

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.