Amex Exploration (CVE:AMX) Hits New 12-Month Low – Should You Sell?

Amex Exploration Inc. (CVE:AMX)’s stock price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$1.05 and last traded at C$1.05, with a volume of 87542 shares changing hands. The stock had previously closed at C$1.07.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on AMX shares. Ventum Financial upgraded Amex Exploration from a “negative” rating to a “buy” rating and boosted their price target for the company from C$1.10 to C$2.00 in a report on Monday, November 25th. Ventum Cap Mkts upgraded Amex Exploration from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 25th.

Amex Exploration Stock Performance

The stock has a fifty day simple moving average of C$1.13 and a two-hundred day simple moving average of C$1.33. The stock has a market cap of C$121.88 million, a price-to-earnings ratio of 106.00 and a beta of 1.95.

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.