ATEX Resources (CVE:ATX) Trading Up 3.9% - Still a Buy?

ATEX Resources Inc. (CVE:ATX - Get Free Report) shares traded up 3.9% during mid-day trading on Wednesday . The company traded as high as C$1.59 and last traded at C$1.59. 306,176 shares were traded during trading, an increase of 86% from the average session volume of 164,213 shares. The stock had previously closed at C$1.53.

Analysts Set New Price Targets

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

ATEX Resources Price Performance

The company has a market cap of C$330.98 million, a PE ratio of -8.89 and a beta of 0.57. The company has a 50-day moving average price of C$1.53 and a two-hundred day moving average price of C$1.40.

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.