Amex Exploration (CVE:AMX) Trading Down 7.4% – Should You Sell?

Amex Exploration Inc. (CVE:AMX)’s share price dropped 7.4% during mid-day trading on Tuesday . The company traded as low as C$4.07 and last traded at C$4.12. 83,473 shares changed hands during trading, a decline of 56% from the average session volume of 189,927 shares. The stock had previously closed at C$4.45.

Analyst Ratings Changes

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

Amex Exploration Trading Up 7.2%

The company has a 50 day moving average price of C$4.60 and a 200-day moving average price of C$4.44. The company has a market cap of C$673.66 million, a P/E ratio of -67.66 and a beta of 3.39.

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.