Amex Exploration (CVE:AMX) Reaches New 52-Week Low – Here’s What Happened

Amex Exploration Inc. (CVE:AMX) hit a new 52-week low during trading on Tuesday . The stock traded as low as C$0.99 and last traded at C$0.99, with a volume of 36965 shares changing hands. The stock had previously closed at C$1.01.

Wall Street Analyst Weigh In

AMX has been the topic of several analyst reports. Ventum Financial upgraded shares of Amex Exploration from a “negative” rating to a “buy” rating and increased their price target for the stock from C$1.10 to C$2.00 in a research note on Monday, November 25th. Ventum Cap Mkts raised Amex Exploration from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 25th.

Amex Exploration Trading Down 2.0 %

The firm’s fifty day moving average is C$1.07 and its 200 day moving average is C$1.23. The stock has a market cap of C$122.07 million, a P/E ratio of 95.91 and a beta of 1.95.

Insider Activity at Amex Exploration

In related news, Director Victor Cantore purchased 30,000 shares of Amex Exploration stock in a transaction on Tuesday, January 28th. The stock was purchased at an average cost of C$1.03 per share, with a total value of C$30,900.00. Insiders acquired a total of 82,900 shares of company stock worth $88,319 in the last 90 days. 18.28% of the stock is owned by company insiders.

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.