CANEX Metals (CVE:CANX) Hits New 52-Week High – Still a Buy?

CANEX Metals Inc. (CVE:CANXGet Free Report) shares hit a new 52-week high during trading on Thursday . The stock traded as high as C$0.36 and last traded at C$0.34, with a volume of 860674 shares traded. The stock had previously closed at C$0.30.

CANEX Metals Stock Up 14.3%

The company has a market capitalization of C$105.89 million, a price-to-earnings ratio of -36.24 and a beta of 1.19. The company has a 50-day moving average price of C$0.26 and a 200-day moving average price of C$0.25.

About CANEX Metals

(Get Free Report)

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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