Amex Exploration (CVE:AMX) Shares Up 0.8% – Here’s Why

Amex Exploration Inc. (CVE:AMX)’s share price rose 0.8% during mid-day trading on Tuesday . The company traded as high as C$1.23 and last traded at C$1.20. Approximately 334,499 shares were traded during trading, an increase of 225% from the average daily volume of 103,020 shares. The stock had previously closed at C$1.19.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Ventum Financial downgraded shares of Amex Exploration from a “buy” rating to a “neutral” rating and reduced their price objective for the company from C$3.05 to C$1.20 in a research report on Monday, September 9th. Canaccord Genuity Group raised their price target on Amex Exploration from C$4.25 to C$4.50 in a report on Tuesday, July 23rd. Finally, Ventum Cap Mkts lowered Amex Exploration from a “strong-buy” rating to a “hold” rating in a report on Monday, September 9th.

Amex Exploration Stock Up 12.8 %

The firm has a fifty day moving average of C$1.18 and a 200-day moving average of C$1.51. The stock has a market capitalization of C$151.77 million, a price-to-earnings ratio of 132.00 and a beta of 1.95.

Amex Exploration (CVE:AMX) last released its quarterly earnings results on Wednesday, August 21st. The company reported C$0.01 earnings per share (EPS) for the quarter. As a group, research analysts forecast that Amex Exploration Inc. will post -0.02 EPS for the current fiscal year.

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.