Amex Exploration (CVE:AMX) Shares Down 1.1% – Should You Sell?

Amex Exploration Inc. (CVE:AMX) shares traded down 1.1% during trading on Wednesday . The stock traded as low as C$3.60 and last traded at C$3.71. 89,646 shares traded hands during trading, a decline of 50% from the average daily volume of 180,989 shares. The stock had previously closed at C$3.75.

Analyst Upgrades and Downgrades

Separately, National Bank Financial set a C$6.50 price target on shares of Amex Exploration and gave the company an “outperform” rating in a report on Friday, May 22nd. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, Amex Exploration presently has an average rating of “Buy” and an average price target of C$5.25.

Amex Exploration Stock Down 1.1%

The company has a market cap of C$577.20 million, a price-to-earnings ratio of -57.97 and a beta of 3.39. The business has a 50-day simple moving average of C$4.26 and a two-hundred day simple moving average of C$4.41.

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.