CANEX Metals (CVE:CANX) Trading 4.5% Higher – Here’s What Happened

Shares of CANEX Metals Inc. (CVE:CANXGet Free Report) rose 4.5% during mid-day trading on Wednesday . The company traded as high as C$0.23 and last traded at C$0.23. Approximately 10,300 shares were traded during trading, a decline of 95% from the average daily volume of 217,016 shares. The stock had previously closed at C$0.22.

CANEX Metals Stock Up 4.5%

The company has a 50-day moving average price of C$0.26 and a 200-day moving average price of C$0.19. The company has a market capitalization of C$38.40 million, a price-to-earnings ratio of -36.24 and a beta of 0.86.

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. The company was incorporated in 1971 and is headquartered in Calgary, Canada.

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