ATEX Resources (CVE:ATX) Trading 1% Higher - Still a Buy?

Shares of ATEX Resources Inc. (CVE:ATX - Get Free Report) traded up 1% during mid-day trading on Thursday . The stock traded as high as C$2.12 and last traded at C$2.02. 1,233,957 shares traded hands during trading, an increase of 40% from the average session volume of 881,197 shares. The stock had previously closed at C$2.00.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. BMO Capital Markets set a C$2.50 price target on shares of ATEX Resources and gave the stock an "outperform" rating in a research note on Tuesday, November 5th. Desjardins upgraded shares of ATEX Resources to a "moderate buy" rating in a research note on Thursday, October 31st.

ATEX Resources Stock Performance

The company's 50 day moving average price is C$1.58 and its 200-day moving average price is C$1.45. The company has a market cap of C$417.86 million, a PE ratio of -11.22 and a beta of 0.57.

ATEX Resources Company Profile

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.