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

Amex Exploration Inc. (CVE:AMX) shares hit a new 52-week low during trading on Wednesday . The company traded as low as C$1.05 and last traded at C$1.05, with a volume of 87542 shares trading hands. The stock had previously closed at C$1.07.

Wall Street Analysts Forecast Growth

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

Amex Exploration Stock Performance

The business’s 50 day moving average price is C$1.12 and its 200-day moving average price is C$1.32. The company has a market cap of C$120.73 million, a price-to-earnings ratio of 105.00 and a beta of 1.95.

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.