Amex Exploration (CVE:AMX) Reaches New 52-Week Low – Here’s Why

Amex Exploration Inc. (CVE:AMX)’s share price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$1.01 and last traded at C$1.02, with a volume of 160298 shares. The stock had previously closed at C$1.03.

Analyst Ratings Changes

AMX has been the subject of several analyst reports. Ventum Financial upgraded shares of Amex Exploration from a “negative” rating to a “buy” rating and boosted their target price for the company from C$1.10 to C$2.00 in a research report on Monday, November 25th. Ventum Cap Mkts upgraded Amex Exploration from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 25th.

Amex Exploration Price Performance

The business’s fifty day moving average price is C$1.11 and its 200 day moving average price is C$1.31. The stock has a market cap of C$121.88 million, a P/E ratio of 106.00 and a beta of 1.95.

Insiders Place Their Bets

In other news, Director Victor Cantore acquired 30,000 shares of Amex Exploration stock in a transaction dated Tuesday, January 28th. The shares were bought at an average cost of C$1.03 per share, with a total value of C$30,900.00. Over the last quarter, insiders have purchased 67,900 shares of company stock valued at $72,919. 18.28% of the stock is currently owned by insiders.

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.