Amex Exploration (CVE:AMX) Shares Down 1.6% – What’s Next?

Shares of Amex Exploration Inc. (CVE:AMX) dropped 1.6% during trading on Tuesday . The company traded as low as C$1.24 and last traded at C$1.24. Approximately 78,033 shares traded hands during trading, a decline of 21% from the average daily volume of 98,819 shares. The stock had previously closed at C$1.26.

Analyst Upgrades and Downgrades

AMX has been the topic of a number of recent research reports. Ventum Cap Mkts lowered Amex Exploration from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 9th. Canaccord Genuity Group raised their price objective on Amex Exploration from C$4.25 to C$4.50 in a research report on Tuesday, July 23rd. Finally, Ventum Financial downgraded Amex Exploration from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from C$3.05 to C$1.20 in a research report on Monday, September 9th.

Amex Exploration Price Performance

The company has a market capitalization of C$139.13 million, a P/E ratio of 122.00 and a beta of 1.95. The stock has a 50-day moving average price of C$1.39 and a 200-day moving average price of C$1.58.

Amex Exploration (CVE:AMX) last issued its earnings results on Wednesday, August 21st. The company reported C$0.01 earnings per share for the quarter. Sell-side analysts anticipate 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.