Amex Exploration (CVE:AMX) Sets New 1-Year Low – Should You Sell?

Shares of Amex Exploration Inc. (CVE:AMX) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$1.01 and last traded at C$1.02, with a volume of 160298 shares traded. The stock had previously closed at C$1.03.

Analyst Ratings Changes

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

Amex Exploration Price Performance

The business has a 50-day simple moving average of C$1.12 and a two-hundred day simple moving average of C$1.32. The stock has a market capitalization of C$118.43 million, a price-to-earnings ratio of 103.00 and a beta of 1.95.

Insider Transactions at Amex Exploration

In related news, Director Victor Cantore bought 30,000 shares of Amex Exploration stock in a transaction dated Tuesday, January 28th. The stock was acquired at an average cost of C$1.03 per share, with a total value of C$30,900.00. In the last 90 days, insiders have bought 67,900 shares of company stock valued at $72,919. Corporate insiders own 18.28% of the company’s stock.

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.