ATEX Resources (CVE:ATX) Trading Down 3.2% – Should You Sell?

Shares of ATEX Resources Inc. (CVE:ATX) were down 3.2% during mid-day trading on Tuesday . The company traded as low as C$1.49 and last traded at C$1.50. 182,870 shares traded hands during trading, a decline of 67% from the average daily volume of 550,880 shares. The stock had previously closed at C$1.55.

Analyst Ratings Changes

ATX has been the topic of a number of research reports. BMO Capital Markets set a C$2.50 price target on ATEX Resources and gave the company an “outperform” rating in a report on Tuesday, November 5th. Desjardins upgraded ATEX Resources to a “moderate buy” rating in a research note on Thursday, October 31st.

ATEX Resources Stock Up 0.7 %

The firm has a market cap of C$299.95 million, a price-to-earnings ratio of -8.06 and a beta of 0.57. The company’s fifty day moving average is C$1.53 and its 200 day moving average is C$1.39.

About ATEX Resources

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.