CANEX Metals (CVE:CANX) Trading Up 20% – Here’s Why

Shares of CANEX Metals Inc. (CVE:CANXGet Free Report) shot up 20% during trading on Monday . The stock traded as high as C$0.07 and last traded at C$0.06. 193,399 shares changed hands during mid-day trading, an increase of 47% from the average session volume of 131,326 shares. The stock had previously closed at C$0.05.

CANEX Metals Trading Up 20.0 %

The business’s 50-day simple moving average is C$0.04 and its two-hundred day simple moving average is C$0.04. The firm has a market cap of C$7.34 million, a price-to-earnings ratio of -24.16 and a beta of 1.19.

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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