Amex Exploration (CVE:AMX) Sets New 1-Year Low - Should You Sell?

Shares of Amex Exploration Inc. (CVE:AMX - Get Free Report) hit a new 52-week low during trading on Monday . The company traded as low as C$1.00 and last traded at C$1.03, with a volume of 155711 shares trading hands. The stock had previously closed at C$1.05.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Ventum Financial raised 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 report on Monday, November 25th. Ventum Cap Mkts raised shares of Amex Exploration from a "hold" rating to a "strong-buy" rating in a research report on Monday, November 25th.

Amex Exploration Stock Performance

The company has a market capitalization of C$121.88 million, a PE ratio of 106.00 and a beta of 1.95. The stock's 50 day moving average is C$1.10 and its 200 day moving average is C$1.28.

Insiders Place Their Bets

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 shares were acquired at an average price of C$1.03 per share, with a total value of C$30,900.00. Insiders have purchased a total of 87,900 shares of company stock worth $94,119 over the last 90 days. Corporate insiders own 18.28% of the company's stock.

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.