ATEX Resources (CVE:ATX) Trading Up 1% – What’s Next?

ATEX Resources Inc. (CVE:ATX) rose 1% on Thursday . The company traded as high as C$4.17 and last traded at C$4.13. Approximately 969,806 shares were traded during mid-day trading, an increase of 11% from the average daily volume of 876,760 shares. The stock had previously closed at C$4.09.

Analyst Ratings Changes

A number of research firms recently commented on ATX. Desjardins upgraded ATEX Resources to a “moderate buy” rating in a research report on Thursday, November 6th. BMO Capital Markets set a C$4.00 price target on shares of ATEX Resources and gave the stock an “outperform” rating in a research note on Monday, November 10th. Finally, TD Securities raised shares of ATEX Resources to a “strong-buy” rating in a research report on Tuesday, December 16th. Three analysts have rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Strong Buy” and an average price target of C$4.25.

ATEX Resources Price Performance

The stock has a market cap of C$1.43 billion, a price-to-earnings ratio of -16.52 and a beta of 2.16. The firm’s 50-day moving average is C$3.67 and its 200 day moving average is C$2.88.

ATEX Resources Company Profile

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. ATEX Resources Inc was incorporated in 1981 and is headquartered in Toronto, Canada.