Amex Exploration (CVE:AMX) Stock Price Up 1.2% – Here’s Why

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

Wall Street Analysts Forecast Growth

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

Amex Exploration Trading Up 1.2%

The business’s 50-day moving average is C$4.70 and its two-hundred day moving average is C$4.35. The firm has a market cap of C$675.21 million, a P/E ratio of -67.81 and a beta of 3.33.

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