ATEX Resources (CVE:ATX) Trading Up 3.9% – Here’s Why

ATEX Resources Inc. (CVE:ATX)’s stock price traded up 3.9% during mid-day trading on Wednesday . The stock traded as high as C$1.59 and last traded at C$1.59. 306,176 shares changed hands during mid-day trading, an increase of 86% from the average session volume of 164,213 shares. The stock had previously closed at C$1.53.

Wall Street Analyst Weigh In

A number of analysts have issued reports on ATX shares. BMO Capital Markets set a C$2.50 target price on ATEX Resources and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. Desjardins upgraded shares of ATEX Resources to a “moderate buy” rating in a research report on Thursday, October 31st.

ATEX Resources Price Performance

The stock has a market capitalization of C$328.91 million, a price-to-earnings ratio of -8.83 and a beta of 0.57. The business has a fifty day moving average of C$1.53 and a 200 day moving average of C$1.40.

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.