ATEX Resources (CVE:ATX) Hits New 12-Month High – Here’s What Happened

ATEX Resources Inc. (CVE:ATX)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as C$2.30 and last traded at C$2.22, with a volume of 110523 shares changing hands. The stock had previously closed at C$2.24.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. BMO Capital Markets set a C$2.50 target price on ATEX Resources and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Desjardins raised ATEX Resources to a “moderate buy” rating in a report on Thursday, October 31st.

ATEX Resources Stock Performance

The stock’s 50 day moving average is C$1.70 and its 200 day moving average is C$1.52. The company has a market capitalization of C$602.88 million, a PE ratio of -15.06 and a beta of 0.57.

ATEX Resources Company Profile

ATEX Resources Inc engages in the exploration and evaluation of mineral properties in South America. Its flagship property is the Valeriano Copper Gold project covering approximately 3,705 hectares located in the north-central Chile. The company was formerly known as Colombia Crest Gold Corp. and changed its name to ATEX Resources Inc in February 2019.