Callinex Mines (CVE:CNX) Trading Down 1.3% – Here’s What Happened

Callinex Mines Inc. (CVE:CNX)’s share price dropped 1.3% on Wednesday . The company traded as low as C$0.74 and last traded at C$0.75. Approximately 6,481 shares changed hands during trading, a decline of 55% from the average session volume of 14,265 shares. The stock had previously closed at C$0.76.

Callinex Mines Stock Performance

The firm has a market cap of C$14.31 million, a PE ratio of -12.50 and a beta of -0.20. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.21 and a quick ratio of 2.32. The stock has a 50-day moving average price of C$0.75 and a 200 day moving average price of C$0.75.

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.