Amex Exploration (CVE:AMX) Hits New 52-Week Low – What’s Next?

Amex Exploration Inc. (CVE:AMX)’s share price reached 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

A number of analysts have recently weighed in on the stock. Ventum Cap Mkts raised shares of Amex Exploration from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 25th. Ventum Financial upgraded Amex Exploration from a “negative” rating to a “buy” rating and upped their target price for the stock from C$1.10 to C$2.00 in a research report on Monday, November 25th.

Amex Exploration Trading Down 2.0 %

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

Insider Activity

In other Amex Exploration news, Director Victor Cantore bought 30,000 shares of Amex Exploration stock in a transaction dated Tuesday, January 28th. The stock was bought at an average price of C$1.03 per share, for a total transaction of C$30,900.00. In the last 90 days, insiders purchased 82,900 shares of company stock worth $88,319. Insiders own 18.28% of the company’s stock.

Amex Exploration Company Profile

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.