ATEX Resources (CVE:ATX) Raised to “Strong-Buy” at Ventum Cap Mkts

ATEX Resources (CVE:ATX) was upgraded by research analysts at Ventum Cap Mkts to a “strong-buy” rating in a research note issued on Tuesday,Zacks.com reports.

Separately, Stifel Nicolaus upped their price objective on ATEX Resources from C$4.00 to C$4.50 in a research report on Tuesday. Two analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Strong Buy” and an average target price of C$3.50.

ATEX Resources Price Performance

ATX opened at C$2.58 on Tuesday. ATEX Resources has a 12 month low of C$1.40 and a 12 month high of C$3.10. The stock has a market capitalization of C$774.82 million, a price-to-earnings ratio of -10.32 and a beta of 1.72. The business has a fifty day moving average price of C$2.46 and a 200 day moving average price of C$2.24.

About ATEX Resources

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.