Callinex Mines (CVE:CNX) Trading Down 1.3% – Time to Sell?

Callinex Mines Inc. (CVE:CNX)’s share price fell 1.3% during mid-day trading on Friday . The company traded as low as C$0.74 and last traded at C$0.75. 6,481 shares traded hands during mid-day trading, a decline of 55% from the average session volume of 14,265 shares. The stock had previously closed at C$0.76.

Callinex Mines Trading Down 1.3%

The business’s fifty day simple moving average is C$0.75 and its 200 day simple moving average is C$0.73. The company has a current ratio of 1.68, a quick ratio of 2.32 and a debt-to-equity ratio of 0.10. The stock has a market cap of C$14.31 million, a P/E ratio of -12.50 and a beta of -0.20.

About Callinex Mines

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.