Amex Exploration (CVE:AMX) Raised to Strong-Buy at Ventum Cap Mkts

Ventum Cap Mkts upgraded shares of Amex Exploration (CVE:AMX) from a hold rating to a strong-buy rating in a research note issued to investors on Monday morning,Zacks.com reports.

Separately, Ventum Financial raised shares of Amex Exploration from a “negative” rating to a “buy” rating and lifted their price objective for the company from C$1.10 to C$2.00 in a research note on Monday.

Amex Exploration Trading Down 1.7 %

Shares of CVE:AMX opened at C$1.15 on Monday. The firm has a market cap of C$132.23 million, a price-to-earnings ratio of 115.00 and a beta of 1.95. Amex Exploration has a 1 year low of C$1.05 and a 1 year high of C$2.08. The business has a fifty day simple moving average of C$1.18 and a 200 day simple moving average of C$1.47.

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.