Amex Exploration (CVE:AMX) Hits New 12-Month Low – Here’s What Happened

Amex Exploration Inc. (CVE:AMX)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$1.01 and last traded at C$1.02, with a volume of 160298 shares traded. The stock had previously closed at C$1.03.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on AMX. Ventum Cap Mkts raised Amex Exploration from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 25th. Ventum Financial upgraded Amex Exploration from a “negative” rating to a “buy” rating and lifted 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 company has a market cap of C$118.43 million, a price-to-earnings ratio of 103.00 and a beta of 1.95. The company’s 50 day moving average price is C$1.12 and its 200 day moving average price is C$1.32.

Insider Buying and Selling

In other news, Director Victor Cantore bought 30,000 shares of the business’s stock in a transaction on Tuesday, January 28th. The stock was purchased at an average price of C$1.03 per share, with a total value of C$30,900.00. Over the last three months, insiders acquired 67,900 shares of company stock worth $72,919. Corporate 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.