Amex Exploration (CVE:AMX) Upgraded to Buy at Ventum Financial

Amex Exploration (CVE:AMX) was upgraded by equities research analysts at Ventum Financial from a “negative” rating to a “buy” rating in a research report issued to clients and investors on Monday,BayStreet.CA reports. The brokerage presently has a C$2.00 price target on the stock, up from their previous price target of C$1.10. Ventum Financial’s price objective suggests a potential upside of 73.16% from the stock’s current price.

Separately, Ventum Cap Mkts cut shares of Amex Exploration from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 9th.

Amex Exploration Price Performance

Shares of AMX stock opened at C$1.16 on Monday. Amex Exploration has a one year low of C$1.05 and a one year high of C$2.08. The stock has a fifty day moving average price of C$1.18 and a 200 day moving average price of C$1.47. The stock has a market cap of C$132.80 million, a P/E ratio of 117.00 and a beta of 1.95.

Amex Exploration Company Profile

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.