ATEX Resources (CVE:ATX) Trading 1.4% Higher

ATEX Resources Inc. (CVE:ATX)’s stock price traded up 1.4% during mid-day trading on Friday . The company traded as high as C$1.50 and last traded at C$1.48. 445,205 shares changed hands during mid-day trading, a decline of 58% from the average session volume of 1,059,732 shares. The stock had previously closed at C$1.46.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. BMO Capital Markets set a C$2.00 target price on ATEX Resources and gave the company an “outperform” rating in a report on Thursday, January 4th. Desjardins boosted their target price on ATEX Resources from C$2.20 to C$2.30 and gave the company a “buy” rating in a report on Tuesday, January 30th.

ATEX Resources Stock Up 1.4 %

The company has a market cap of C$289.96 million, a price-to-earnings ratio of -7.79 and a beta of 0.66. The company has a fifty day simple moving average of C$1.20 and a two-hundred day simple moving average of C$0.91.

ATEX Resources (CVE:ATX) last posted its earnings results on Thursday, February 29th. The company reported C($0.04) earnings per share for the quarter.

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.