CANEX Metals (CVE:CANX) Trading 27.3% Higher – Should You Buy?

CANEX Metals Inc. (CVE:CANX) shares traded up 27.3% on Friday . The stock traded as high as C$0.07 and last traded at C$0.07. 148,000 shares traded hands during mid-day trading, an increase of 52% from the average session volume of 97,202 shares. The stock had previously closed at C$0.06.

CANEX Metals Trading Up 27.3%

The company’s 50-day moving average price is C$0.05 and its two-hundred day moving average price is C$0.04. The company has a market cap of C$8.57 million, a P/E ratio of -28.19 and a beta of 1.19.

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.