Callinex Mines (CVE:CNX) Hits New 52-Week Low – Should You Sell?

Shares of Callinex Mines Inc. (CVE:CNX) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as C$0.82 and last traded at C$0.82, with a volume of 5285 shares. The stock had previously closed at C$0.86.

Callinex Mines Stock Down 4.7 %

The company’s fifty day simple moving average is C$0.89 and its 200 day simple moving average is C$0.97. The company has a quick ratio of 2.32, a current ratio of 0.45 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of C$15.43 million, a PE ratio of -13.67 and a beta of 1.98.

Callinex Mines Company Profile

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.