Canex Metals Stock Today
| CANX Stock | CAD 0.04 0.01 20.00% |
Performance2 of 100
| Odds Of DistressLess than 24
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CANEX Metals is selling for under 0.04 as of the 3rd of December 2024; that is 20 percent decrease since the beginning of the trading day. The stock's lowest day price was 0.04. CANEX Metals has about a 24 % chance of experiencing some form of financial distress in the next two years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for CANEX Metals are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 3rd of November 2024 and ending today, the 3rd of December 2024. Click here to learn more.
Business Domain Materials | Category Basic Materials |
CANEX Metals Inc., a junior exploration company, acquires, explores, and develops mineral properties in Canada. The company was formerly known as Northern Abitibi Mining Corp. and changed its name to CANEX Metals Inc. in April 2017. CANEX METALS operates under Industrial Metals Minerals classification in Canada and is traded on TSX Venture Exchange.. The company has 122.41 M outstanding shares of which 6.9 K shares are currently shorted by private and institutional investors with about 0.18 days to cover all short positions. More on CANEX Metals
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CANEX Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. CANEX Metals' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding CANEX Metals or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Business Concentration | Metals & Mining, Materials, Basic Materials, Materials, Metals & Mining, Industrial Metals & Minerals, Basic Materials (View all Sectors) | ||||
CANEX Metals' financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to CANEX Metals' success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | |||||
Debt LevelsCANEX Metals can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand CANEX Metals' financial leverage. It provides some insight into what part of CANEX Metals' total assets is financed by creditors.
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CANEX Metals (CANX) is traded on TSX Venture Exchange in Canada and employs 3 people. CANEX Metals is listed under Metals & Mining category by Fama And French industry classification. The company currently falls under 'Nano-Cap' category with a current market capitalization of 4.9 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate CANEX Metals's market, we take the total number of its shares issued and multiply it by CANEX Metals's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. CANEX Metals operates under Metals & Mining sector and is part of Materials industry. The entity has 122.41 M outstanding shares of which 6.9 K shares are currently shorted by private and institutional investors with about 0.18 days to cover all short positions.
CANEX Metals has accumulated about 480.92 K in cash with (465.71 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.02.
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Ownership AllocationCANEX Metals holds a total of 122.41 Million outstanding shares. CANEX Metals shows 13.49 percent of its outstanding shares held by insiders and 2.68 percent owned by other corporate entities. Please note that no matter how many assets the company secures, if the real value of the entity is less than the current market value, you may not be able to make money on it.
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CANEX Metals Risk Profiles
Although CANEX Metals' alpha and beta are two of the key measurements used to evaluate CANEX Metals' performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 6.37 | |||
| Semi Deviation | 8.35 | |||
| Standard Deviation | 12.4 | |||
| Variance | 153.81 |
CANEX Stock Against Markets
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Additional Tools for CANEX Stock Analysis
When running CANEX Metals' price analysis, check to measure CANEX Metals' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy CANEX Metals is operating at the current time. Most of CANEX Metals' value examination focuses on studying past and present price action to predict the probability of CANEX Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CANEX Metals' price. Additionally, you may evaluate how the addition of CANEX Metals to your portfolios can decrease your overall portfolio volatility.