Amex Exploration (CVE:AMX) Trading Up 1.8% – Time to Buy?

Amex Exploration Inc. (CVE:AMX) shares were up 1.8% during mid-day trading on Monday . The stock traded as high as C$1.14 and last traded at C$1.11. Approximately 148,717 shares changed hands during mid-day trading, an increase of 8% from the average daily volume of 137,107 shares. The stock had previously closed at C$1.09.

Analyst Ratings Changes

Several research firms have recently weighed in on AMX. Ventum Cap Mkts raised Amex Exploration from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 25th. Ventum Financial raised shares of Amex Exploration from a “negative” rating to a “buy” rating and boosted their price objective for the stock from C$1.10 to C$2.00 in a research report on Monday, November 25th.

Amex Exploration Stock Performance

The stock has a market cap of C$127.63 million, a price-to-earnings ratio of 111.00 and a beta of 1.95. The company has a 50-day simple moving average of C$1.15 and a two-hundred day simple moving average of C$1.35.

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.