Amex Exploration (CVE:AMX) Stock Price Down 7.4% – What’s Next?

Amex Exploration Inc. (CVE:AMX)’s share price dropped 7.4% on Tuesday . The company traded as low as C$4.07 and last traded at C$4.12. Approximately 83,473 shares traded hands during mid-day trading, a decline of 56% from the average daily volume of 189,927 shares. The stock had previously closed at C$4.45.

Analysts Set New Price Targets

Separately, National Bank Financial set a C$6.50 target price on Amex Exploration and gave the stock an “outperform” rating in a research report on Friday, May 22nd. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of C$5.25.

Amex Exploration Stock Down 7.4%

The company has a market cap of C$640.99 million, a P/E ratio of -64.38 and a beta of 3.39. The business’s 50 day moving average is C$4.62 and its 200 day moving average is C$4.44.

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. The company was formerly known as Coleraine Mining Resources, Inc Amex Exploration Inc was incorporated in 1986 and is based in Montreal, Canada.