Amex Exploration (CVE:AMX) Reaches New 1-Year Low - Here's What Happened

Shares of Amex Exploration Inc. (CVE:AMX - Get Free Report) hit a new 52-week low on Tuesday . The stock traded as low as C$1.01 and last traded at C$1.02, with a volume of 160298 shares traded. The stock had previously closed at C$1.03.

Wall Street Analysts Forecast Growth

A number of research firms have commented on AMX. Ventum Financial upgraded Amex Exploration from a "negative" rating to a "buy" rating and increased their price target for the company from C$1.10 to C$2.00 in a research note on Monday, November 25th. Ventum Cap Mkts upgraded shares of Amex Exploration from a "hold" rating to a "strong-buy" rating in a report on Monday, November 25th.

Amex Exploration Stock Down 0.9 %

The firm has a market capitalization of C$120.73 million, a price-to-earnings ratio of 105.00 and a beta of 1.95. The company's 50 day moving average price is C$1.11 and its 200 day moving average price is C$1.30.

Insiders Place Their Bets

In other Amex Exploration news, Director Victor Cantore acquired 30,000 shares of the company's stock in a transaction dated Tuesday, January 28th. The shares were acquired at an average cost of C$1.03 per share, with a total value of C$30,900.00. In the last 90 days, insiders bought 67,900 shares of company stock valued at $72,919. 18.28% of the stock is owned by company insiders.

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.