Amex Exploration (CVE:AMX) Downgraded to “Hold” at Ventum Cap Mkts

Ventum Cap Mkts lowered shares of Amex Exploration (CVE:AMX) from a strong-buy rating to a hold rating in a research report report published on Monday morning, Zacks.com reports.

A number of other research analysts have also issued reports on the stock. Ventum Financial lowered shares of Amex Exploration from a buy rating to a neutral rating and lowered their target price for the company from C$3.05 to C$1.20 in a research note on Monday. Canaccord Genuity Group raised their price target on Amex Exploration from C$4.25 to C$4.50 in a research report on Tuesday, July 23rd.

Amex Exploration Stock Up 4.4 %

Shares of AMX stock opened at C$1.18 on Monday. Amex Exploration has a 12 month low of C$0.98 and a 12 month high of C$2.08. The company has a market cap of C$135.68 million, a PE ratio of 118.00 and a beta of 2.03. The business’s 50 day moving average is C$1.66 and its two-hundred day moving average is C$1.67.

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.