ATEX Resources (CVE:ATX) Stock Price Up 1% – Should You Buy?

ATEX Resources Inc. (CVE:ATX)’s stock price rose 1% during trading on Thursday . The stock traded as high as C$4.17 and last traded at C$4.13. Approximately 969,806 shares changed hands during 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 analysts have recently issued reports on the company. TD Securities upgraded ATEX Resources to a “strong-buy” rating in a report on Tuesday, December 16th. BMO Capital Markets set a C$4.00 price objective on shares of ATEX Resources and gave the stock an “outperform” rating in a research note on Monday, November 10th. Finally, Desjardins raised shares of ATEX Resources to a “moderate buy” rating in a research report on Thursday, November 6th. Three investment analysts have rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Strong Buy” and an average price target of C$4.25.

ATEX Resources Price Performance

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

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