Amex Exploration (CVE:AMX) Trading Up 4.9% – Should You Buy?

Shares of Amex Exploration Inc. (CVE:AMX) rose 4.9% during mid-day trading on Wednesday . The company traded as high as C$2.98 and last traded at C$2.98. Approximately 271,595 shares traded hands during trading, an increase of 60% from the average daily volume of 169,287 shares. The stock had previously closed at C$2.84.

Wall Street Analysts Forecast Growth

Separately, Haywood Securities raised their price objective on shares of Amex Exploration from C$3.00 to C$4.00 in a research note on Monday, September 8th. One analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to MarketBeat, Amex Exploration has a consensus rating of “Strong Buy” and an average target price of C$3.00.

Amex Exploration Trading Up 4.9%

The business’s 50-day simple moving average is C$2.73 and its 200-day simple moving average is C$2.01. The company has a market cap of C$421.74 million, a PE ratio of -119.20 and a beta of 2.61.

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.