TSX-V

CANEX Metals Inc.

CANX.V•Basic Materials•Gold
Current Price
$0.36
Today's Change
-1.37%
Market Cap
$90.35M
Volume
44.74K
🥇

Commodity Exposure

Gold

Current Price
$4,076.10/oz
-1.78% today
💡

Industry Context

Mining companies typically trade at 5-9x EV/EBITDA due to commodity price volatility. Gold price movements significantly impact profitability.

Price updated: Oct 22, 2026, 03:00 PM

💡 Quick Take

CANEX Metals Inc. focuses on the acquisition, exploration, and development of gold and silver mineral properties. Its strengths include a strong liquidity position with a current and quick ratio of 12.78, indicating robust short-term financial health, and zero debt, which minimizes financial risk. However, it faces concerns with negative return on equity (ROE) and return on assets (ROA) at -2.3% and -2.2%, respectively, suggesting inefficiencies in generating profits. The stock's recent decline of 1.37% may reflect market skepticism despite its solid liquidity metrics.

Based on 22 data points⚠️Not financial advice

📊 Key Metrics

52 Week High$0.64
52 Week Low$0.09
Avg Volume358.76K
Beta1.26
Shares Outstanding247.53M

🔥 Valuation

Market Cap$90.35M
Enterprise Value$90.73M
P/E Ratio-35.54
EV/EBITDA ⚠️-37.22x
Dividend Yield0.00%

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🚩 Red Flags

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Significant Losses

Company posted a loss of $-544K over the last year, representing Infinity% of revenue.

🌟 Opportunities

🚀

Debt-free balance sheet with a solid cash position, providing significant financial flexibility.

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Excellent liquidity with current ratio of 12.8x ensures operational stability.

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