CANEX Metals (CVE:CANX) Trading 10.3% Higher – Should You Buy?

CANEX Metals Inc. (CVE:CANX) shares were up 10.3% during mid-day trading on Friday . The company traded as high as C$0.32 and last traded at C$0.32. Approximately 186,140 shares were traded during mid-day trading, a decline of 14% from the average daily volume of 217,024 shares. The stock had previously closed at C$0.29.

CANEX Metals Trading Up 10.3%

The company has a market capitalization of C$47.02 million, a P/E ratio of -36.24 and a beta of 1.69. The company has a 50 day moving average price of C$0.20 and a 200 day moving average price of C$0.14.

CANEX Metals Company Profile

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.