Callinex Mines (CVE:CNX) Reaches New 12-Month Low – Time to Sell?

Callinex Mines Inc. (CVE:CNXGet Free Report)’s share price reached a new 52-week low during trading on Thursday . The stock traded as low as C$0.82 and last traded at C$0.82, with a volume of 5285 shares. The stock had previously closed at C$0.86.

Callinex Mines Stock Performance

The company has a debt-to-equity ratio of 0.10, a current ratio of 0.45 and a quick ratio of 2.32. The business has a 50 day moving average price of C$0.89 and a 200 day moving average price of C$0.97. The stock has a market capitalization of C$15.43 million, a PE ratio of -13.67 and a beta of 1.98.

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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