Ventum Cap Mkts Lowers Amex Exploration (CVE:AMX) to Hold

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

Other analysts have also issued reports about the stock. Canaccord Genuity Group increased their target price on shares of Amex Exploration from C$4.25 to C$4.50 in a research note on Tuesday, July 23rd. Ventum Financial cut Amex Exploration from a buy rating to a neutral rating and dropped their price target for the company from C$3.05 to C$1.20 in a report on Monday.

Amex Exploration Stock Performance

Shares of AMX stock opened at C$1.18 on Monday. Amex Exploration has a 1 year low of C$0.98 and a 1 year high of C$2.08. The business’s fifty day moving average is C$1.66 and its 200-day moving average is C$1.67. The stock has a market cap of C$135.68 million, a PE ratio of 118.00 and a beta of 2.03.

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.