ATEX Resources (CVE:ATX) Hits New 12-Month High – Here’s What Happened

Shares of ATEX Resources Inc. (CVE:ATX) hit a new 52-week high during mid-day trading on Friday . The company traded as high as C$2.30 and last traded at C$2.22, with a volume of 110523 shares traded. The stock had previously closed at C$2.24.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Desjardins raised ATEX Resources to a “moderate buy” rating in a research note on Thursday, October 31st. BMO Capital Markets set a C$2.50 price target on ATEX Resources and gave the company an “outperform” rating in a research report on Tuesday, November 5th.

ATEX Resources Stock Down 3.6 %

The firm’s 50-day moving average is C$1.70 and its 200-day moving average is C$1.52. The company has a market capitalization of C$602.88 million, a PE ratio of -15.06 and a beta of 0.57.

About ATEX Resources

ATEX Resources Inc engages in the exploration and evaluation of mineral properties in South America. Its flagship property is the Valeriano Copper Gold project covering approximately 3,705 hectares located in the north-central Chile. The company was formerly known as Colombia Crest Gold Corp. and changed its name to ATEX Resources Inc in February 2019.