Amex Exploration (CVE:AMX) Hits New 12-Month Low – Time to Sell?

Amex Exploration Inc. (CVE:AMX)’s share price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$1.00 and last traded at C$1.03, with a volume of 507152 shares changing hands. The stock had previously closed at C$1.05.

Analysts Set New Price Targets

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

Amex Exploration Price Performance

The business has a 50 day moving average of C$1.09 and a 200 day moving average of C$1.27. The firm has a market capitalization of C$118.43 million, a price-to-earnings ratio of 103.00 and a beta of 1.95.

Insiders Place Their Bets

In other Amex Exploration news, Director Victor Cantore bought 30,000 shares of Amex Exploration stock in a transaction on Tuesday, January 28th. The shares were purchased at an average cost of C$1.03 per share, for a total transaction of C$30,900.00. Over the last quarter, insiders have purchased 87,900 shares of company stock worth $94,119. Insiders own 18.28% of the company’s stock.

About Amex Exploration

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.