CANEX Metals (CVE:CANX) Shares Down 2% – Should You Sell?

CANEX Metals Inc. (CVE:CANX) shares fell 2% on Wednesday . The stock traded as low as C$0.23 and last traded at C$0.25. 77,474 shares changed hands during trading, a decline of 69% from the average session volume of 249,300 shares. The stock had previously closed at C$0.25.

CANEX Metals Trading Down 2.0%

The firm has a market capitalization of C$40.90 million, a price-to-earnings ratio of -36.24 and a beta of 0.86. The stock has a fifty day moving average of C$0.26 and a 200-day moving average of C$0.18.

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. The company was incorporated in 1971 and is headquartered in Calgary, Canada.