CANEX Metals (CVE:CANX) Trading Up 25% – Still a Buy?

CANEX Metals Inc. (CVE:CANXGet Free Report)’s stock price rose 25% during mid-day trading on Monday . The stock traded as high as C$0.13 and last traded at C$0.13. Approximately 152,001 shares changed hands during mid-day trading, a decline of 3% from the average daily volume of 156,406 shares. The stock had previously closed at C$0.10.

CANEX Metals Price Performance

The company has a 50-day simple moving average of C$0.13 and a 200-day simple moving average of C$0.09. The stock has a market cap of C$17.63 million, a PE ratio of -36.24 and a beta of 1.24.

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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