Amex Exploration (CVE:AMX) Trading Up 3.5%

Amex Exploration Inc. (CVE:AMX)’s stock price shot up 3.5% during trading on Wednesday . The company traded as high as C$1.50 and last traded at C$1.49. 113,055 shares were traded during trading, an increase of 48% from the average session volume of 76,616 shares. The stock had previously closed at C$1.44.

Wall Street Analyst Weigh In

A number of research firms have recently commented on AMX. Ventum Financial cut their price target on shares of Amex Exploration from C$3.25 to C$3.05 in a report on Tuesday, May 28th. Canaccord Genuity Group increased their price objective on shares of Amex Exploration from C$3.50 to C$4.25 in a research report on Tuesday, April 23rd.

Amex Exploration Price Performance

The company has a market cap of C$171.25 million, a P/E ratio of 182.00 and a beta of 1.78. The stock’s 50-day moving average is C$1.62 and its two-hundred day moving average is C$1.59.

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.