Amex Exploration (CVE:AMX) Hits New 12-Month Low - Time to Sell?

Amex Exploration Inc. (CVE:AMX - Get Free Report)'s share price reached a new 52-week low during trading on Monday . The company traded as low as C$0.97 and last traded at C$0.98, with a volume of 9719 shares. The stock had previously closed at C$1.00.

Analyst Upgrades and Downgrades

AMX has been the topic of a number of research analyst reports. Ventum Financial raised Amex Exploration from a "negative" rating to a "buy" rating and upped their price target for the company from C$1.10 to C$2.00 in a report on Monday, November 25th. 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.

Amex Exploration Stock Performance

The stock has a market capitalization of C$113.44 million, a P/E ratio of 89.13 and a beta of 1.95. The firm has a fifty day moving average price of C$1.05 and a two-hundred day moving average price of C$1.19.

Insiders Place Their Bets

In other Amex Exploration news, Director Victor Cantore purchased 30,000 shares of the company's stock in a transaction dated Tuesday, January 28th. The shares were acquired at an average price of C$1.03 per share, for a total transaction of C$30,900.00. Over the last three months, insiders have bought 77,900 shares of company stock valued at $82,569. Insiders own 18.28% of the company's stock.

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.