Desjardins Upgrades ATEX Resources (CVE:ATX) to Moderate Buy

ATEX Resources (CVE:ATX) was upgraded by stock analysts at Desjardins to a “moderate buy” rating in a research note issued to investors on Friday,Zacks.com reports.

ATEX Resources Stock Down 11.7 %

CVE:ATX opened at C$1.96 on Friday. The stock’s fifty day simple moving average is C$2.18 and its 200-day simple moving average is C$1.75. The firm has a market capitalization of C$547.06 million, a P/E ratio of -13.66 and a beta of 0.57. ATEX Resources has a 12-month low of C$1.13 and a 12-month high of C$2.63.

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.