Amex Exploration (CVE:AMX) Reaches New 1-Year Low – Should You Sell?

Amex Exploration Inc. (CVE:AMX) hit a new 52-week low on Monday . The stock traded as low as C$1.00 and last traded at C$1.03, with a volume of 155711 shares traded. The stock had previously closed at C$1.05.

Analysts Set New Price Targets

AMX has been the subject of a number of recent research reports. Ventum Financial upgraded Amex Exploration from a “negative” rating to a “buy” rating and increased their target price for the company from C$1.10 to C$2.00 in a research note on Monday, November 25th. Ventum Cap Mkts raised shares of Amex Exploration from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 25th.

Amex Exploration Trading Up 2.9 %

The company has a market capitalization of C$123.03 million, a PE ratio of 107.00 and a beta of 1.95. The business’s 50-day simple moving average is C$1.10 and its two-hundred day simple moving average is C$1.29.

Insiders Place Their Bets

In related news, Director Victor Cantore acquired 30,000 shares of the firm’s stock in a transaction on Tuesday, January 28th. The stock was bought at an average cost of C$1.03 per share, with a total value of C$30,900.00. Insiders have acquired 87,900 shares of company stock worth $94,119 in the last three months. 18.28% of the stock is owned by 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.