Amex Exploration (CVE:AMX) Trading Up 0.8% – Still a Buy?

Shares of Amex Exploration Inc. (CVE:AMX) traded up 0.8% on Tuesday . The company traded as high as C$1.23 and last traded at C$1.20. 334,499 shares were traded during mid-day trading, an increase of 225% from the average session volume of 103,020 shares. The stock had previously closed at C$1.19.

Analyst Ratings Changes

A number of equities research analysts have issued reports on AMX shares. Ventum Cap Mkts cut Amex Exploration from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 9th. Ventum Financial lowered shares of Amex Exploration from a “buy” rating to a “neutral” rating and cut their target price for the stock from C$3.05 to C$1.20 in a research report on Monday, September 9th. Finally, Canaccord Genuity Group lifted their price objective on Amex Exploration from C$4.25 to C$4.50 in a research note on Tuesday, July 23rd.

Amex Exploration Stock Up 0.8 %

The stock’s 50-day moving average is C$1.19 and its 200-day moving average is C$1.51. The firm has a market cap of C$137.98 million, a P/E ratio of 120.00 and a beta of 1.95.

Amex Exploration (CVE:AMX) last released its earnings results on Wednesday, August 21st. The company reported C$0.01 earnings per share for the quarter. As a group, analysts expect that Amex Exploration Inc. will post -0.02 EPS for the current fiscal year.

About Amex Exploration

Amex Exploration Inc, together with its subsidiaries, engages in the exploration of gold mining properties in Canada. The company holds interest in the Perron project and the Lebel-sur-Quévillon project located in Quebec. It also holds interest in the Eastmain River South, North, and Central projects located in Chibougamau, Quebec.