Is Callinex Mines Inc a Buy? The Stock Rises Again

 Is Callinex Mines Inc a Buy? The Stock Rises Again

The stock of Callinex Mines Inc (CVE:CNX) is a huge mover today! About 140,296 shares traded hands. Callinex Mines Inc (CVE:CNX) has risen 6.00% since September 28, 2016 and is uptrending. It has outperformed by 1.29% the S&P500.
The move comes after 9 months positive chart setup for the $32.56 million company. It was reported on Oct, 28 by Barchart.com. We have $0.92 PT which if reached, will make CVE:CNX worth $22.14 million more.

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 Marketwired.com with their article: “Callinex Closes Oversubscribed $4.2 Million Private Placement” published on May 13, 2016, Juniorminingnetwork.com published: “Callinex Mines Drills 10.3m Grading 13.1% Zn Eq. Including 4.2m @ 20.8% Zn Eq.” on October 18, 2016. More interesting news about Callinex Mines Inc (CVE:CNX) were released by: Marketwired.com and their article: “Callinex Announces Results of Annual General and Special Meeting” published on October 26, 2016 as well as Juniorminingnetwork.com‘s news article titled: “Callinex Announces $5M Private Placement with Affiliates of Sprott Group” with publication date: October 25, 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 $32.56 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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