Amex Exploration (CVE:AMX) Hits New 1-Year Low – Here’s Why

Shares of Amex Exploration Inc. (CVE:AMX) hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$1.00 and last traded at C$1.03, with a volume of 155711 shares. The stock had previously closed at C$1.05.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on AMX shares. Ventum Cap Mkts upgraded Amex Exploration from a “hold” rating to a “strong-buy” rating in a report on Monday, November 25th. Ventum Financial raised shares of Amex Exploration from a “negative” rating to a “buy” rating and raised their price target for the stock from C$1.10 to C$2.00 in a research note on Monday, November 25th.

Amex Exploration Price Performance

The firm has a 50 day moving average of C$1.11 and a 200-day moving average of C$1.30. The company has a market cap of C$120.73 million, a P/E ratio of 105.00 and a beta of 1.95.

Insider Activity at Amex Exploration

In other Amex Exploration news, Director Victor Cantore bought 30,000 shares of the business’s stock in a transaction on Tuesday, January 28th. The shares were acquired at an average price of C$1.03 per share, with a total value of C$30,900.00. Insiders bought 67,900 shares of company stock worth $72,919 over the last three months. 18.28% of the stock is owned by corporate insiders.

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.