CANEX Metals (CVE:CANX) Stock Price Up 25% – Here’s Why

CANEX Metals Inc. (CVE:CANXGet Free Report) shares shot up 25% on Monday . The company traded as high as C$0.13 and last traded at C$0.13. 152,001 shares changed hands during mid-day trading, a decline of 3% from the average session volume of 156,406 shares. The stock had previously closed at C$0.10.

CANEX Metals Stock Performance

The firm has a fifty day simple moving average of C$0.13 and a 200-day simple moving average of C$0.09. The firm has a market cap of C$18.37 million, a price-to-earnings ratio of -36.24 and a beta of 1.24.

About CANEX Metals

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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.

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