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

Shares of Amex Exploration Inc. (CVE:AMX) reached a new 52-week low on Wednesday . The company traded as low as C$1.05 and last traded at C$1.05, with a volume of 87542 shares traded. The stock had previously closed at C$1.07.

Analysts Set New Price Targets

Several research firms have recently weighed in on AMX. Ventum Cap Mkts raised Amex Exploration from a “hold” rating to a “strong-buy” rating in a report on Monday, November 25th. Ventum Financial upgraded Amex Exploration from a “negative” rating to a “buy” rating and raised their price target for the company from C$1.10 to C$2.00 in a research report on Monday, November 25th.

Amex Exploration Stock Performance

The firm has a 50 day moving average of C$1.13 and a 200-day moving average of C$1.33. The stock has a market capitalization of C$121.88 million, a PE ratio of 106.00 and a beta of 1.95.

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.