Amex Exploration (CVE:AMX) Shares Down 36.6%

Amex Exploration Inc. (CVE:AMX) shares dropped 36.6% during trading on Thursday . The stock traded as low as C$1.19 and last traded at C$1.23. Approximately 521,298 shares changed hands during trading, an increase of 566% from the average daily volume of 78,237 shares. The stock had previously closed at C$1.94.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Ventum Financial reduced their price objective on shares of Amex Exploration from C$3.25 to C$3.05 in a research note on Tuesday, May 28th. Canaccord Genuity Group upped their price target on Amex Exploration from C$4.25 to C$4.50 in a research note on Tuesday, July 23rd.

Amex Exploration Price Performance

The stock’s 50 day moving average price is C$1.67 and its two-hundred day moving average price is C$1.67. The firm has a market capitalization of C$141.43 million, a price-to-earnings ratio of 123.00 and a beta of 2.03.

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.