Amex Exploration (CVE:AMX) Trading 4.5% Higher – Here’s What Happened

Shares of Amex Exploration Inc. (CVE:AMX) were up 4.5% during trading on Wednesday . The company traded as high as C$4.49 and last traded at C$4.45. Approximately 71,408 shares traded hands during mid-day trading, a decline of 59% from the average session volume of 172,658 shares. The stock had previously closed at C$4.26.

Wall Street Analysts Forecast Growth

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

Amex Exploration Stock Performance

The firm’s 50-day simple moving average is C$4.18 and its 200 day simple moving average is C$4.34. The company has a market cap of C$703.22 million, a P/E ratio of -70.62 and a beta of 3.42.

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.