ATEX Resources (CVE:ATX) Trading Down 1.9% – Here’s Why

ATEX Resources Inc. (CVE:ATX) shares traded down 1.9% during trading on Tuesday . The company traded as low as C$2.50 and last traded at C$2.54. 1,085,041 shares were traded during trading, an increase of 135% from the average session volume of 460,829 shares. The stock had previously closed at C$2.59.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus upped their target price on ATEX Resources from C$4.00 to C$4.50 in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Strong Buy” and an average target price of C$3.50.

ATEX Resources Stock Performance

The company has a market capitalization of C$762.81 million, a PE ratio of -10.16 and a beta of 1.72. The company’s 50-day simple moving average is C$2.45 and its 200-day simple moving average is C$2.23.

ATEX Resources Company Profile

ATEX Resources Inc engages in the exploration and evaluation of mineral properties in South America. Its flagship property is the Valeriano Copper Gold project covering approximately 3,705 hectares located in the north-central Chile. The company was formerly known as Colombia Crest Gold Corp. and changed its name to ATEX Resources Inc in February 2019.