Callinex Mines (CVE:CNX) shares rise 11.2%

Callinex Mines Inc. (CVE:CNX – Free Report) shares rose 11.2% on Friday. The company traded as high as C$1.59 and was last seen at C$1.59. About 82,031 shares changed hands during midday trading, a 446% increase from the average daily volume of 15,026 shares. The stock had previously closed at C$1.43.

Callinex Mines share price development

The company has a debt-to-equity ratio of 0.10, a current ratio of 1.95 and a quick ratio of 2.32. The stock has a market cap of CAD$27.86 million, a P/E ratio of -22.71 and a beta of 2.06. The stock has a 50-day moving average of CAD$1.33 and a 200-day moving average of CAD$1.50.

Callinex Mines Company Profile

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Callinex Mines Inc. is engaged in the acquisition, exploration and development of mineral properties in Canada. The Company is exploring for copper, zinc, gold and silver deposits. Its principal project portfolio includes the Pine Bay Project, which covers 6,795 square hectares and 77 contiguous mineral claims in the Flin Flon Mining District of Manitoba, and the Nash Creek Property, which consists of seven contiguous mineral claims covering 15,542.31 hectares and is located in Restigouche County in northeastern New Brunswick.

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