Amex Exploration (CVE:AMX) Hits New 52-Week Low - Here's Why

Amex Exploration Inc. (CVE:AMX - Get Free Report)'s share price hit a new 52-week low during trading on Wednesday . The company traded as low as C$1.00 and last traded at C$1.03, with a volume of 507152 shares traded. The stock had previously closed at C$1.05.

Analysts Set New Price Targets

A number of analysts recently weighed in on AMX shares. Ventum Cap Mkts upgraded shares of Amex Exploration from a "hold" rating to a "strong-buy" rating in a research note on Monday, November 25th. Ventum Financial upgraded shares of Amex Exploration from a "negative" rating to a "buy" rating and boosted their target price for the stock from C$1.10 to C$2.00 in a research note on Monday, November 25th.

Amex Exploration Price Performance

The company has a market capitalization of C$123.31 million, a PE ratio of 96.88 and a beta of 1.95. The company's 50 day simple moving average is C$1.08 and its 200 day simple moving average is C$1.25.

Insider Buying and Selling

In other news, Director Victor Cantore bought 30,000 shares of the firm's stock in a transaction that occurred on Tuesday, January 28th. The stock was purchased at an average cost of C$1.03 per share, with a total value of C$30,900.00. Insiders have purchased 87,900 shares of company stock worth $94,119 in the last ninety days. 18.28% of the stock is owned by corporate insiders.

About Amex Exploration

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.