Amex Exploration (CVE:AMX) Sets New 1-Year Low – Time to Sell?

Amex Exploration Inc. (CVE:AMX)’s share price hit a new 52-week low on Tuesday . The company traded as low as C$1.00 and last traded at C$1.00, with a volume of 28820 shares trading hands. The stock had previously closed at C$1.00.

Analyst Upgrades and Downgrades

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

Amex Exploration Trading Up 2.0 %

The business’s fifty day simple moving average is C$1.08 and its 200-day simple moving average is C$1.24. The firm has a market cap of C$125.77 million, a P/E ratio of 98.82 and a beta of 1.95.

Insider Transactions at Amex Exploration

In other news, Director Victor Cantore acquired 30,000 shares of the business’s stock in a transaction on Tuesday, January 28th. The shares were acquired at an average price of C$1.03 per share, for a total transaction of C$30,900.00. Insiders purchased 87,900 shares of company stock worth $94,119 over the last three months. 18.28% of the stock is currently owned by company insiders.

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.