Callinex Mines (CVE:CNX) Trading Up 2.1% – Here’s Why

Shares of Callinex Mines Inc. (CVE:CNXGet Free Report) traded up 2.1% during trading on Thursday . The company traded as high as C$0.99 and last traded at C$0.98. 5,855 shares changed hands during trading, a decline of 62% from the average session volume of 15,588 shares. The stock had previously closed at C$0.96.

Callinex Mines Stock Up 2.1 %

The stock has a 50 day moving average price of C$0.98 and a 200 day moving average price of C$1.15. The stock has a market capitalization of C$18.44 million, a price-to-earnings ratio of -16.33 and a beta of 1.98. The company has a quick ratio of 2.32, a current ratio of 0.45 and a debt-to-equity ratio of 0.10.

About Callinex Mines

(Get Free Report)

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.

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