Amex Exploration (CVE:AMX) Trading 1.2% Higher – Should You Buy?

Amex Exploration Inc. (CVE:AMX) shares traded up 1.2% during mid-day trading on Friday . The company traded as high as C$4.45 and last traded at C$4.34. 108,897 shares changed hands during trading, a decline of 46% from the average session volume of 201,396 shares. The stock had previously closed at C$4.29.

Analyst Upgrades and Downgrades

Separately, National Bank Financial set a C$6.50 price objective on Amex Exploration and gave the stock an “outperform” rating in a research report on Friday, May 22nd. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of C$5.25.

Amex Exploration Price Performance

The firm has a market capitalization of C$675.21 million, a P/E ratio of -67.81 and a beta of 3.33. The stock has a fifty day simple moving average of C$4.70 and a two-hundred day simple moving average of C$4.35.

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. The company was formerly known as Coleraine Mining Resources, Inc Amex Exploration Inc was incorporated in 1986 and is based in Montreal, Canada.