Amex Exploration (CVE:AMX) Trading Down 1.6% – Should You Sell?

Amex Exploration Inc. (CVE:AMX) dropped 1.6% during mid-day trading on Tuesday . The stock traded as low as C$1.24 and last traded at C$1.24. Approximately 78,033 shares traded hands during mid-day trading, a decline of 21% from the average daily volume of 98,819 shares. The stock had previously closed at C$1.26.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Canaccord Genuity Group boosted their price target on shares of Amex Exploration from C$4.25 to C$4.50 in a research note on Tuesday, July 23rd. Ventum Cap Mkts cut shares of Amex Exploration from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 9th. Finally, Ventum Financial downgraded Amex Exploration from a “buy” rating to a “neutral” rating and cut their price target for the company from C$3.05 to C$1.20 in a research note on Monday, September 9th.

Amex Exploration Stock Performance

The company has a market capitalization of C$142.58 million, a price-to-earnings ratio of 124.00 and a beta of 1.95. The company has a 50-day moving average price of C$1.40 and a 200-day moving average price of C$1.58.

Amex Exploration (CVE:AMX) last issued its quarterly earnings data on Wednesday, August 21st. The company reported C$0.01 earnings per share (EPS) for the quarter. As a group, sell-side analysts anticipate that Amex Exploration Inc. will post -0.02 earnings per share for the current fiscal year.

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.