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

Amex Exploration Inc. (CVE:AMX) hit a new 52-week low on Monday . The company traded as low as C$0.90 and last traded at C$0.92, with a volume of 175441 shares changing hands. The stock had previously closed at C$0.92.

Analyst Upgrades and Downgrades

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

Amex Exploration Trading Up 5.6 %

The firm has a market capitalization of C$115.91 million, a P/E ratio of 91.07 and a beta of 1.95. The business’s 50 day simple moving average is C$1.04 and its two-hundred day simple moving average is C$1.16.

Insider Buying and Selling

In other Amex Exploration news, Director Victor Cantore acquired 30,000 shares of Amex Exploration stock in a transaction that occurred on Tuesday, January 28th. The stock was bought at an average cost of C$1.03 per share, for a total transaction of C$30,900.00. Insiders bought a total of 77,900 shares of company stock worth $82,569 in the last three months. Insiders own 18.28% of the company’s stock.

Amex Exploration Company Profile

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.