Amex Exploration (CVE:AMX) Sets New 12-Month Low - Here's What Happened

Amex Exploration Inc. (CVE:AMX - Get Free Report)'s stock price hit a new 52-week low on Monday . The stock traded as low as C$0.90 and last traded at C$0.92, with a volume of 175441 shares changing hands. The stock had previously closed at C$0.92.

Analyst Upgrades and Downgrades

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

Amex Exploration Stock Performance

The company's 50 day moving average price is C$1.03 and its 200-day moving average price is C$1.16. The company has a market cap of C$118.38 million, a price-to-earnings ratio of 93.00 and a beta of 1.95.

Insider Transactions at Amex Exploration

In other news, Director Victor Cantore bought 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. Insiders have acquired 67,900 shares of company stock valued at $71,469 in the last quarter. 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.