|Bid||0.7000 x 0|
|Ask||0.7500 x 0|
|Day's Range||0.7100 - 0.7500|
|52 Week Range||0.3500 - 1.3500|
|Beta (5Y Monthly)||1.65|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
We can readily understand why investors are attracted to unprofitable companies. For example, biotech and mining...
The hard work by our team throughout 2019 was culminated by the commencement of two ongoing drilling campaigns at our Nash Creek and Superjack projects in the Bathurst Mining District of New Brunswick and at our Pine Bay Project in the Flin Flon Mining District of Manitoba . Although 2019 was a difficult year for the base metals market, we used it as an opportunity to consolidate the capital structure and strengthen the balance sheet in mid-2019 by completing a flow-through financing near the end of the year. In tandem with these corporate endeavours, we retooled the exploration strategy across our portfolio to define and drill test compelling targets.
It is not uncommon to see companies perform well in the years after insiders buy shares. On the other hand, we'd be...
Highlights: 2019 Bathurst drilling campaign underway to complete up to 5,000m at the Nash Creek and Superjack projects; Primary objective of the Campaign is to test IP and VTEM targets identified at the ...
VANCOUVER , Sept. 10, 2019 /CNW/ - Callinex Mines Inc. (the "Company" or "Callinex") (CNX.V) (CLLXF) is pleased to announce that it intends to complete a non-brokered private placement (the "Offering") of up to 2,000,000 units (a "Unit") at a price of $0.50 per Unit for gross proceeds of up to $1,000,000 . The proceeds of the Offering will be used to conduct exploration activities on its exploration portfolio in the Flin Flon and Bathurst mining districts. Callinex anticipates that insiders will subscribe for a total of 240,000 Units for total proceeds of $120,000 . The issuance of Units to insiders is considered a related party transaction subject to Multilateral Instrument 61-101. Callinex intends to rely on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(a) of Multilateral Instrument 61-101 on the basis that the participation in the private placement by the insiders will not exceed 25% of the fair market value of the Company's market capitalization.
Highlights: District scale IP survey has identified 14 priority drill targets that require follow up; Review of historic airborne VTEM geophysical survey has identified six target areas; and A field program ...
VANCOUVER , July 12, 2019 /CNW/ - Callinex Mines Inc. (the "Company" or "Callinex") (CNX.V) (CLLXF) announces that, as a result of a review by the British Columbia Securities Commission ("BCSC"), Callinex is issuing the following news release to clarify its disclosure relating to the Technical Report on its Point Leamington Property, Newfoundland, Canada dated August 15, 2016 (the "Report") prepared by Tetra Tech Inc., an independent consulting and engineering service company. After a review of the Report by the BCSC, Callinex has become aware that the Report requires (i) further disclosure on the analogue deposits used to demonstrate 'reasonable prospects for eventual economic extraction' for the Point Leamington Property, (ii) additional information regarding the assumptions, parameters and methods used to determine the resource estimate, and (iii) certain revisions to the metallurgical recovery section of the Report. Callinex is in the process of amending the Report as soon as reasonably possible in order to address all non-compliant disclosure issues identified by the BCSC.
Following the Consolidation, the Company's issued and outstanding common shares has been reduced from 86,355,770 to 8,635,577. A letter of transmittal will be sent by mail to registered shareholders on July 4, 2019 advising that the Consolidation has taken effect.
VANCOUVER , June 19, 2019 /PRNewswire/ - Callinex Mines Inc. (the "Company" or "Callinex") (TSXV: CNX) (OTC: CLLXF) announces that it plans to consolidate its issued and outstanding ...
VANCOUVER, June 3, 2019 /PRNewswire/ - Callinex Mines Inc. (the "Company" or "Callinex") (CNX.V) (CLLXF) announces that Mike Muzylowski, has retired from his position as Chairman and as a member of the Company's Board of Directors. Mr. Muzylowski achieved an illustrious career that spanned five decades, where he was involved in the discovery of 16 producing mines and was a recipient of the 1988 PDAC Developer of the Year Award for his role in the advancement of the Hycroft Mine in Nevada. In 2011, Mr. Muzylowski's contributions to the mining industry were recognized with an induction into the Canadian Mining Hall of Fame.
If you're interested in Callinex Mines Inc. (CVE:CNX), then you might want to consider its beta (a measure of share...