Amex Exploration (CVE:AMX) Trading 1.1% Higher – Should You Buy?

Amex Exploration Inc. (CVE:AMX)’s stock price was up 1.1% during mid-day trading on Wednesday . The stock traded as high as C$4.60 and last traded at C$4.56. Approximately 47,750 shares traded hands during trading, a decline of 72% from the average daily volume of 168,952 shares. The stock had previously closed at C$4.51.

Analyst Ratings Changes

Separately, National Bank Financial set a C$6.50 price target on Amex Exploration and gave the company an “outperform” rating in a research report on Friday, May 22nd. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Amex Exploration has an average rating of “Buy” and an average target price of C$6.50.

Amex Exploration Trading Down 0.9%

The stock’s fifty day moving average price is C$4.20 and its 200 day moving average price is C$4.35. The stock has a market cap of C$729.22 million, a P/E ratio of -67.76 and a beta of 3.39.

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. The company was formerly known as Coleraine Mining Resources, Inc Amex Exploration Inc was incorporated in 1986 and is based in Montreal, Canada.