ATEX Resources (CVE:ATX) Shares Down 3.2% – Here’s What Happened

ATEX Resources Inc. (CVE:ATX)’s share price traded down 3.2% on Tuesday . The company traded as low as C$1.49 and last traded at C$1.50. 182,870 shares traded hands during mid-day trading, a decline of 67% from the average session volume of 550,880 shares. The stock had previously closed at C$1.55.

Analysts Set New Price Targets

ATX has been the subject of several analyst reports. BMO Capital Markets set a C$2.50 price objective on shares of ATEX Resources and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. Desjardins raised ATEX Resources to a “moderate buy” rating in a research note on Thursday, October 31st.

ATEX Resources Stock Down 3.2 %

The stock has a market capitalization of C$310.29 million, a PE ratio of -8.33 and a beta of 0.57. The stock’s 50 day moving average price is C$1.53 and its 200-day moving average price is C$1.38.

About ATEX Resources

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.