Amex Exploration (CVE:AMX) Hits New 1-Year Low – Here’s Why

Amex Exploration Inc. (CVE:AMX) shares reached a new 52-week low during trading on Monday . The stock traded as low as C$0.90 and last traded at C$0.92, with a volume of 175441 shares traded. The stock had previously closed at C$0.92.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on AMX shares. Ventum Financial raised Amex Exploration from a “negative” rating to a “buy” rating and boosted their price objective for the stock from C$1.10 to C$2.00 in a research note on Monday, November 25th. Ventum Cap Mkts raised Amex Exploration from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 25th.

Amex Exploration Stock Performance

The company’s fifty day moving average price is C$1.05 and its 200-day moving average price is C$1.17. The stock has a market cap of C$109.74 million, a P/E ratio of 86.22 and a beta of 1.95.

Insiders Place Their Bets

In other Amex Exploration news, Director Victor Cantore purchased 30,000 shares of Amex Exploration stock in a transaction dated Tuesday, January 28th. The shares were purchased at an average cost of C$1.03 per share, for a total transaction of C$30,900.00. Insiders bought a total of 77,900 shares of company stock valued at $82,569 over the last 90 days. Insiders own 18.28% of the company’s stock.

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.