Amex Exploration (CVE:AMX) Stock Price Down 1.1% – What’s Next?

Amex Exploration Inc. (CVE:AMX) dropped 1.1% on Wednesday . The company traded as low as C$3.60 and last traded at C$3.71. 89,646 shares were traded during trading, a decline of 50% from the average daily volume of 180,989 shares. The stock had previously closed at C$3.75.

Wall Street Analysts Forecast Growth

Separately, National Bank Financial set a C$6.50 price target on shares of Amex Exploration and gave the company an “outperform” rating in a research note on Friday, May 22nd. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Amex Exploration currently has a consensus rating of “Buy” and a consensus target price of C$5.25.

Amex Exploration Trading Down 4.0%

The firm’s fifty day moving average price is C$4.24 and its 200 day moving average price is C$4.41. The stock has a market capitalization of C$595.87 million, a price-to-earnings ratio of -59.84 and a beta of 3.39.

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. The company was formerly known as Coleraine Mining Resources, Inc Amex Exploration Inc was incorporated in 1986 and is based in Montreal, Canada.