CANEX Metals Inc (TSE:CANX)
:CANX
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CANX Stock Chart & Stats
C$0.20
C$0.00(0.00%)
At close: 4:00 PM EST
C$0.20
C$0.00(0.00%)
Day’s Range― - ―
52-Week RangeC$0.04 - C$0.33
Previous CloseN/A
Volume14.00K
Average Volume (3M)249.63K
Market Cap
C$48.02M
Enterprise ValueC$30.64M
Total Cash (Recent Filing)C$3.16M
Total Debt (Recent Filing)C$0.00
Price to Earnings (P/E)―
Beta1.72
Next Earnings
May 14, 2026EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding208,777,860
10 Day Avg. Volume54,728
30 Day Avg. Volume249,630
Financial Highlights & Ratios
PEG Ratio-0.76
Price to Book (P/B)2.90
Price to Sales (P/S)0.00
P/FCF Ratio-83.56
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Bulls Say, Bears Say
Bulls Say
Debt-free Balance SheetA zero debt position materially reduces solvency and interest-rate risk and preserves financial flexibility. For an exploration company this durable advantage lowers near-term financing pressure, enabling capital deployment to drilling and surveys without mandatory interest obligations.
Growing Equity And Asset BaseA materially larger equity and asset base strengthens the company’s ability to fund multi-stage exploration programs and negotiate JV or farm-out deals. This persistent capitalization improvement supports sustained project advancement and reduces immediate dilution risk versus smaller-cap peers.
Directionally Improving Cash BurnWhile still negative, the consistent reduction in cash burn shows improving cost control and capital efficiency. That durable trend extends operational runway, lowers near-term financing need likelihood, and increases optionality to prioritize high-value exploration work over unfocused spending.
Bears Say
No RevenueBeing entirely exploration-stage, CANEX lacks operating revenue, meaning business continuity and value creation depend on capital markets or resource discoveries. Over a 2–6 month horizon this structural absence of revenue sustains reliance on financings and delays self-sustaining cash generation.
Persistent Negative Cash FlowOngoing negative OCF and FCF indicate the company consumes cash to advance exploration. This durable cash burn profile risks recurrent capital raises, potential dilution, and limits on scaling drill programs or taking advantage of opportunistic project acquisitions without external funding.
Negative Returns On EquityA persistent negative ROE shows the enlarged asset base has not produced economic returns. Over months this indicates challenges in converting exploration spending into value-adding results, raising questions about capital allocation effectiveness and the timeline to monetize assets.
CANEX Metals News
CANX FAQ
What was CANEX Metals Inc’s price range in the past 12 months?
CANEX Metals Inc lowest stock price was C$0.04 and its highest was C$0.33 in the past 12 months.
What is CANEX Metals Inc’s market cap?
CANEX Metals Inc’s market cap is C$48.02M.
When is CANEX Metals Inc’s upcoming earnings report date?
CANEX Metals Inc’s upcoming earnings report date is May 14, 2026 which is in 16 days.
How were CANEX Metals Inc’s earnings last quarter?
CANEX Metals Inc released its earnings results on Feb 24, 2026. The company reported -C$0.002 earnings per share for the quarter, missing the consensus estimate of N/A by -C$0.002.
Is CANEX Metals Inc overvalued?
According to Wall Street analysts CANEX Metals Inc’s price is currently Overvalued.
Does CANEX Metals Inc pay dividends?
CANEX Metals Inc does not currently pay dividends.
What is CANEX Metals Inc’s EPS estimate?
CANEX Metals Inc’s EPS estimate for its next earnings report is not yet available.
How many shares outstanding does CANEX Metals Inc have?
CANEX Metals Inc has 208,777,860 shares outstanding.
What happened to CANEX Metals Inc’s price movement after its last earnings report?
CANEX Metals Inc reported an EPS of -C$0.002 in its last earnings report, missing expectations of N/A. Following the earnings report the stock price went up 1.923%.
Which hedge fund is a major shareholder of CANEX Metals Inc?
Currently, no hedge funds are holding shares in TSE:CANX
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Company Description
CANEX Metals Inc
CANEX Metals Inc. engages in the acquisition, exploration, and development of mineral properties. The company explores for gold and silver deposits. It holds interests in the Gold Range property that consists of 202 lode mining claims and 2 patented claims covering an area of 1,504 hectares located in Mohave County, Arizona; Gibson property covering an area of 887 hectares located in central British Columbia; and the Echo, Fulton, Red, and Beal properties located in British Columbia. The company was formerly known as Northern Abitibi Mining Corp. and changed its name to CANEX Metals Inc. in April 2017. CANEX Metals Inc. is headquartered in Calgary, Canada.
Technical Analysis
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Options Prices
Currently, No data available
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