What’s Ahead for Callinex Mines Inc After Today’s Huge Decline?

 What's Ahead for Callinex Mines Inc After Today's Huge Decline?

The stock of Callinex Mines Inc (CVE:CNX) is a huge mover today! About 1.20 million shares traded hands or 374.68% up from the average. Callinex Mines Inc (CVE:CNX) has risen 6.00% since September 19, 2016 and is uptrending. It has outperformed by 0.46% the S&P500.
The move comes after 8 months negative chart setup for the $44.77 million company. It was reported on Oct, 19 by Barchart.com. We have $0.44 PT which if reached, will make CVE:CNX worth $4.92 million less.

More notable recent Callinex Mines Inc (CVE:CNX) news were published by: Marketwatch.com which released: “Resource Capital Funds Acquires 18% of Callinex Mines Inc.” on August 06, 2015, also Juniorminingnetwork.com with their article: “Callinex Mines Drills 10.3m Grading 13.1% Zn Eq. Including 4.2m @ 20.8% Zn Eq.” published on October 18, 2016, Marketwired.com published: “Callinex Closes Oversubscribed $4.2 Million Private Placement” on May 13, 2016. More interesting news about Callinex Mines Inc (CVE:CNX) were released by: Juniorminingnetwork.com and their article: “Callinex Mines Revises Drilling Program and Provides Update” published on September 14, 2016 as well as Stockhouse.com‘s news article titled: “Callinex intercepts new mineralization near large target” with publication date: October 11, 2016.

Callinex Mines Inc. is a Canada company, which is engaged in the acquisition, exploration and development of exploration and evaluation of assets. The company has a market cap of $44.77 million. The Firm operates through the exploration and evaluation of its exploration and evaluation assets in Canada segment. It currently has negative earnings. It focuses on carrying out exploration activities on the Flin Flon and Pine Bay properties, for the purpose of identifying copper and zinc rich volcanogenic massive sulfide (VMS) deposits.

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