Callinex Mines (CVE:CNX) Reaches New 52-Week Low – Time to Sell?

Shares of Callinex Mines Inc. (CVE:CNXGet Free Report) hit a new 52-week low during trading on Monday . The stock traded as low as C$0.93 and last traded at C$0.92, with a volume of 24276 shares traded. The stock had previously closed at C$0.96.

Callinex Mines Trading Down 5.2 %

The firm has a market capitalization of C$17.13 million, a P/E ratio of -16.00 and a beta of 1.98. The firm has a fifty day simple moving average of C$0.99 and a two-hundred day simple moving average of C$1.12. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.45 and a quick ratio of 2.32.

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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