ATEX Resources (CVE:ATX) Trading Down 10.1%

ATEX Resources Inc. (CVE:ATX) fell 10.1% during trading on Tuesday . The stock traded as low as C$1.27 and last traded at C$1.34. 2,647,858 shares were traded during trading, an increase of 171% from the average session volume of 978,092 shares. The stock had previously closed at C$1.49.

Wall Street Analyst Weigh In

Several analysts have recently commented on ATX shares. Desjardins raised their target price on ATEX Resources from C$2.20 to C$2.30 and gave the company a “buy” rating in a research note on Tuesday, January 30th. BMO Capital Markets set a C$2.00 price objective on shares of ATEX Resources and gave the company an “outperform” rating in a research note on Thursday, January 4th.

ATEX Resources Stock Performance

The business’s 50-day moving average price is C$1.36 and its 200 day moving average price is C$1.00. The stock has a market capitalization of C$262.53 million, a PE ratio of -7.05 and a beta of 0.66.

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

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.