Could Callinex Mines Inc Change Direction After Today’s Huge Decline?

 Could Callinex Mines Inc Change Direction After Today's Huge Decline?

The stock of Callinex Mines Inc (CVE:CNX) is a huge mover today! About 67,205 shares traded hands. Callinex Mines Inc (CVE:CNX) has risen 6.00% since October 4, 2016 and is uptrending. It has outperformed by 4.79% the S&P500.
The move comes after 8 months negative chart setup for the $33.73M company. It was reported on Nov, 3 by Barchart.com. We have $0.50 PT which if reached, will make CVE:CNX worth $3.37M less.

More important 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 published article titled: “Callinex Closes Oversubscribed $4.2 Million Private Placement”, 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) was released by: Juniorminingnetwork.com and their article: “Callinex Commences Aggressive Step-out Drilling Campaign Focused on New Zinc …” with publication date: November 01, 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 $33.73 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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