Amex Exploration (CVE:AMX) Trading Up 1.1% – Here’s Why

Amex Exploration Inc. (CVE:AMX) rose 1.1% on Wednesday . The stock traded as high as C$4.60 and last traded at C$4.56. 47,750 shares changed hands during trading, a decline of 72% from the average daily volume of 168,952 shares. The stock had previously closed at C$4.51.

Analysts Set New Price Targets

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

Amex Exploration Stock Performance

The business’s 50 day moving average is C$4.20 and its two-hundred day moving average is C$4.35. The firm has a market capitalization of C$732.43 million, a PE ratio of -68.06 and a beta of 3.39.

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.