ATEX Resources (CVE:ATX) Trading 1% Higher – What’s Next?

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

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Stock Analysis on ATEX Resources

ATEX Resources Trading Down 1.0 %

The stock’s 50 day moving average is C$1.58 and its 200-day moving average is C$1.45. The company has a market cap of C$413.72 million, a P/E ratio of -11.11 and a beta of 0.57.

ATEX Resources Company Profile

(Get Free Report)

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.

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