Amex Exploration (CVE:AMX) Sets New 12-Month Low – Time to Sell?

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

Analysts Set New Price Targets

Several brokerages have weighed in on AMX. Ventum Cap Mkts upgraded shares of 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 lifted their price objective for the stock from C$1.10 to C$2.00 in a research note on Monday, November 25th.

Amex Exploration Stock Performance

The firm’s 50 day simple moving average is C$1.12 and its two-hundred day simple moving average is C$1.32. The firm has a market cap of C$120.73 million, a price-to-earnings ratio of 105.00 and a beta of 1.95.

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.