Amex Exploration (CVE:AMX) Reaches New 52-Week High – Here’s Why

Shares of Amex Exploration Inc. (CVE:AMX) reached a new 52-week high on Monday . The company traded as high as C$4.01 and last traded at C$3.88, with a volume of 58453 shares trading hands. The stock had previously closed at C$3.85.

Wall Street Analyst Weigh In

Separately, Haywood Securities raised their price objective on shares of Amex Exploration from C$3.00 to C$4.00 in a research report on Monday, September 8th.

Amex Exploration Price Performance

The company has a 50-day moving average of C$2.94 and a 200 day moving average of C$2.26. The company has a market cap of C$536.91 million, a PE ratio of -90.24 and a beta of 2.80.

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.