CANEX Metals (CVE:CANX) Shares Down 2% – Should You Sell?

Shares of CANEX Metals Inc. (CVE:CANX) dropped 2% during mid-day trading on Wednesday . The company traded as low as C$0.23 and last traded at C$0.25. Approximately 77,474 shares changed hands during trading, a decline of 69% from the average daily volume of 249,300 shares. The stock had previously closed at C$0.25.

CANEX Metals Trading Down 2.0%

The company’s 50-day moving average is C$0.26 and its 200 day moving average is C$0.18. The firm has a market cap of C$40.90 million, a PE ratio of -36.24 and a beta of 0.86.

About CANEX Metals

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.