Cannon Exploration, Inc. (PINK:CNEX) went among the top five most active stocks on the market. The 
company’s stocks made an exclusive price jump for the last five days.
Yesterday the price change went up by 57.1% and closed on $0.0022 with total traded volume of 290.44 million shares.
The sudden change on the market could be due to the last press release of CNEX, where the company announced their Spring Exploration Program in late May. After the announcement was made, the stocks price went up from $ 0.0015 to $ 0.0022, and the market cup pointed 143 thousand for the day.
The background of CNEX is connected with the Queen Alexandra property, where the company is planning to return to. This move is based on the company’s desire to become compliant with the NI 43 101 standards on a going forward basis. Whether successful or not, the price change on the market was immediate.
When researching more, we can see that there is no 10K filing for Cannon Exploration, Inc., and the last 8K filing points out only changes in control of the registrant. Though the above-mentioned, CNEX got among the three late-day small cap and micro-cap movers and saw its shares more than double.
