ATEX Resources (CVE:ATX) Trading Up 1.1% – What’s Next?

ATEX Resources Inc. (CVE:ATX) shares were up 1.1% on Tuesday . The company traded as high as C$3.69 and last traded at C$3.62. Approximately 363,043 shares were traded during mid-day trading, a decline of 52% from the average daily volume of 751,666 shares. The stock had previously closed at C$3.58.

Analysts Set New Price Targets

Separately, Ventum Financial set a C$5.50 target price on shares of ATEX Resources and gave the stock a “buy” rating in a research note on Monday, March 2nd. Two research analysts have rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of C$4.67.

ATEX Resources Stock Performance

The stock has a market cap of C$1.28 billion, a PE ratio of -13.92 and a beta of 2.62. The company’s 50-day moving average price is C$3.64 and its 200 day moving average price is C$3.22.

ATEX Resources Company Profile

ATEX Resources Inc engages in the exploration and evaluation of mineral properties in South America. Its flagship property is the Valeriano Copper Gold project covering approximately 3,705 hectares located in the north-central Chile. The company was formerly known as Colombia Crest Gold Corp. and changed its name to ATEX Resources Inc in February 2019. ATEX Resources Inc was incorporated in 1981 and is headquartered in Toronto, Canada.