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

Shares of Amex Exploration Inc. (CVE:AMX) reached a new 52-week low on Wednesday . The stock traded as low as C$1.00 and last traded at C$1.03, with a volume of 507152 shares traded. The stock had previously closed at C$1.05.

Analyst Upgrades and Downgrades

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

Amex Exploration Trading Down 1.9 %

The company has a market capitalization of C$118.43 million, a price-to-earnings ratio of 103.00 and a beta of 1.95. The stock’s 50 day moving average price is C$1.09 and its 200 day moving average price is C$1.27.

Insider Buying and Selling at Amex Exploration

In other news, Director Victor Cantore acquired 30,000 shares of the firm’s stock in a transaction dated 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. Insiders purchased a total of 87,900 shares of company stock worth $94,119 over the last ninety days. 18.28% of the stock is currently owned by corporate insiders.

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.