Callinex Mines (CVE:CNX) Hits New 12-Month Low – Here’s Why

Shares of Callinex Mines Inc. (CVE:CNX) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$0.68 and last traded at C$0.76, with a volume of 59000 shares trading hands. The stock had previously closed at C$0.78.

Callinex Mines Trading Up 2.6 %

The company has a current ratio of 1.68, a quick ratio of 2.32 and a debt-to-equity ratio of 0.10. The firm has a market cap of C$16.77 million, a price-to-earnings ratio of -15.38 and a beta of 1.98. The company has a fifty day moving average price of C$0.85 and a 200-day moving average price of C$0.94.

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.