CANEX Metals (CVE:CANX) Shares Up 28.6% – Here’s Why

CANEX Metals Inc. (CVE:CANX) rose 28.6% during trading on Tuesday . The stock traded as high as C$0.05 and last traded at C$0.05. Approximately 1,068,900 shares were traded during trading, an increase of 578% from the average daily volume of 157,580 shares. The stock had previously closed at C$0.04.

CANEX Metals Stock Up 28.6 %

The company has a current ratio of 43.42, a quick ratio of 15.67 and a debt-to-equity ratio of 0.64. The company has a market cap of C$5.15 million, a price-to-earnings ratio of -4.50 and a beta of 1.19. The firm’s fifty day simple moving average is C$0.04 and its 200 day simple moving average is C$0.04.

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.