Amex Exploration (CVE:AMX) Trading Down 1.1% – Should You Sell?

Amex Exploration Inc. (CVE:AMX)’s share price traded down 1.1% during trading on Wednesday . The stock traded as low as C$3.60 and last traded at C$3.71. 89,646 shares changed hands during trading, a decline of 50% from the average daily volume of 180,989 shares. The stock had previously closed at C$3.75.

Analysts Set New Price Targets

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.com, the company has an average rating of “Buy” and a consensus target price of C$5.25.

Amex Exploration Stock Performance

The company has a market capitalization of C$577.20 million, a PE ratio of -57.97 and a beta of 3.39. The stock has a 50 day moving average price of C$4.26 and a two-hundred day moving average price of C$4.41.

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.