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

Amex Exploration Inc. (CVE:AMX) hit a new 52-week low 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.

Wall Street Analysts Forecast Growth

AMX has been the topic of several research analyst reports. 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 upped their price target for the stock from C$1.10 to C$2.00 in a research report on Monday, November 25th.

Amex Exploration Trading Up 3.9 %

The stock has a market cap of C$121.88 million, a P/E ratio of 106.00 and a beta of 1.95. The company has a 50-day moving average price of C$1.11 and a two-hundred day moving average price of C$1.31.

Insider Activity at Amex Exploration

In other news, Director Victor Cantore bought 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 28th. The stock was bought at an average price of C$1.03 per share, with a total value of C$30,900.00. Over the last quarter, insiders bought 67,900 shares of company stock worth $72,919. Company insiders own 18.28% of the company’s stock.

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.