Amex Exploration (CVE:AMX) Trading Up 1.1% – Still a Buy?

Shares of Amex Exploration Inc. (CVE:AMX) were up 1.1% on Wednesday . The company traded as high as C$4.60 and last traded at C$4.56. Approximately 47,750 shares changed hands during trading, a decline of 72% from the average daily volume of 168,952 shares. The stock had previously closed at C$4.51.

Wall Street Analyst Weigh In

Separately, National Bank Financial set a C$6.50 price target on Amex Exploration and gave the company an “outperform” rating in a research report on Friday, May 22nd. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of C$6.50.

Amex Exploration Stock Up 1.1%

The company’s 50-day moving average is C$4.20 and its two-hundred day moving average is C$4.35. The company has a market capitalization of C$732.43 million, a P/E ratio of -68.06 and a beta of 3.39.

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. The company was formerly known as Coleraine Mining Resources, Inc Amex Exploration Inc was incorporated in 1986 and is based in Montreal, Canada.