Amex Exploration (CVE:AMX) Trading Up 3.5%

Amex Exploration Inc. (CVE:AMX) was up 3.5% on Wednesday . The company traded as high as C$1.50 and last traded at C$1.49. Approximately 113,055 shares were traded during mid-day trading, an increase of 48% from the average daily volume of 76,616 shares. The stock had previously closed at C$1.44.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on AMX shares. Ventum Financial decreased their price objective on Amex Exploration from C$3.25 to C$3.05 in a report on Tuesday, May 28th. Canaccord Genuity Group increased their price objective on Amex Exploration from C$3.50 to C$4.25 in a report on Tuesday, April 23rd.

Amex Exploration Trading Up 3.5 %

The firm has a market cap of C$171.25 million, a P/E ratio of 182.00 and a beta of 1.78. The company’s 50-day moving average is C$1.62 and its two-hundred day moving average is C$1.59.

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.