Amex Exploration (CVE:AMX) Sets New 12-Month Low – Time to Sell?

Amex Exploration Inc. (CVE:AMX) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as C$1.00 and last traded at C$1.03, with a volume of 155711 shares. The stock had previously closed at C$1.05.

Wall Street Analysts Forecast Growth

Several research firms recently commented on AMX. Ventum Cap Mkts upgraded Amex Exploration from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 25th. Ventum Financial raised Amex Exploration from a “negative” rating to a “buy” rating and raised their price target for the company from C$1.10 to C$2.00 in a report on Monday, November 25th.

Amex Exploration Stock Performance

The business’s 50 day moving average price is C$1.10 and its two-hundred day moving average price is C$1.29. The company has a market capitalization of C$123.03 million, a price-to-earnings ratio of 107.00 and a beta of 1.95.

Insider Buying and Selling

In other news, Director Victor Cantore bought 30,000 shares of the stock in a transaction that occurred on Tuesday, January 28th. The shares were purchased at an average cost of C$1.03 per share, with a total value of C$30,900.00. Insiders have bought a total of 87,900 shares of company stock valued at $94,119 over the last quarter. Corporate insiders own 18.28% of the company’s stock.

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.