Amex Exploration (CVE:AMX) Upgraded by Ventum Cap Mkts to “Strong-Buy” Rating

Amex Exploration (CVE:AMX) was upgraded by research analysts at Ventum Cap Mkts from a “hold” rating to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.

Separately, Ventum Financial raised Amex Exploration from a “negative” rating to a “buy” rating and lifted their price objective for the company from C$1.10 to C$2.00 in a report on Monday.

Amex Exploration Price Performance

AMX opened at C$1.14 on Monday. The business has a fifty day simple moving average of C$1.18 and a 200 day simple moving average of C$1.47. The company has a market capitalization of C$131.08 million, a PE ratio of 114.00 and a beta of 1.95. Amex Exploration has a 1 year low of C$1.05 and a 1 year high of C$2.08.

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.