ATEX Resources (CVE:ATX) Shares Down 3.2% - Should You Sell?

ATEX Resources Inc. (CVE:ATX - Get Free Report) shares were down 3.2% on Tuesday . The stock traded as low as C$1.49 and last traded at C$1.50. Approximately 182,870 shares traded hands during trading, a decline of 67% from the average daily volume of 550,880 shares. The stock had previously closed at C$1.55.

Analyst Ratings Changes

A number of analysts have recently commented on ATX shares. Desjardins raised shares of ATEX Resources to a "moderate buy" rating in a research report on Thursday, October 31st. BMO Capital Markets set a C$2.50 price target on shares of ATEX Resources and gave the company an "outperform" rating in a research note on Tuesday, November 5th.

ATEX Resources Stock Down 4.0 %

The firm has a fifty day moving average of C$1.53 and a 200-day moving average of C$1.38. The firm has a market cap of C$297.88 million, a P/E ratio of -8.00 and a beta of 0.57.

About ATEX Resources

ATEX Resources Inc engages in the exploration and evaluation of mineral properties in South America. Its flagship property is the Valeriano Copper Gold project covering approximately 3,705 hectares located in the north-central Chile. The company was formerly known as Colombia Crest Gold Corp. and changed its name to ATEX Resources Inc in February 2019.