Amex Exploration (CVE:AMX) Sets New 52-Week Low – What’s Next?

Amex Exploration Inc. (CVE:AMX) 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 trading hands. The stock had previously closed at C$0.92.

Analyst Ratings Changes

AMX has been the topic of several recent research reports. Ventum Financial upgraded shares of Amex Exploration from a “negative” rating to a “buy” rating and increased 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 upgraded shares of Amex Exploration from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 25th.

Amex Exploration Stock Up 5.6 %

The stock has a market cap of C$115.91 million, a P/E ratio of 91.07 and a beta of 1.95. The firm has a 50 day moving average price of C$1.04 and a 200 day moving average price of C$1.16.

Insider Buying and Selling at Amex Exploration

In other Amex Exploration news, Director Victor Cantore purchased 30,000 shares of the firm’s stock in a transaction on Tuesday, January 28th. The shares were acquired at an average cost of C$1.03 per share, with a total value of C$30,900.00. Insiders have bought 77,900 shares of company stock valued at $82,569 over the last 90 days. 18.28% of the stock is currently owned by corporate insiders.

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.