CANEX Metals (CVE:CANX) Trading 11.9% Higher – Still a Buy?

CANEX Metals Inc. (CVE:CANX) shares traded up 11.9% on Wednesday . The company traded as high as C$0.24 and last traded at C$0.24. 415,521 shares were traded during trading, an increase of 98% from the average session volume of 210,215 shares. The stock had previously closed at C$0.21.

CANEX Metals Stock Performance

The business’s fifty day moving average is C$0.24 and its two-hundred day moving average is C$0.20. The company has a market cap of C$39.23 million, a P/E ratio of -36.24 and a beta of 1.09.

About CANEX Metals

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.