Amex Exploration (CVE:AMX) Upgraded to Strong-Buy at Ventum Cap Mkts

Ventum Cap Mkts upgraded shares of Amex Exploration (CVE:AMX) from a hold rating to a strong-buy rating in a research note issued to investors on Monday,Zacks.com reports.

Separately, Ventum Financial upgraded shares of Amex Exploration from a “negative” rating to a “buy” rating and upped their target price for the stock from C$1.10 to C$2.00 in a research note on Monday.

Amex Exploration Price Performance

Shares of CVE AMX opened at C$1.14 on Monday. The company has a market cap of C$131.08 million, a price-to-earnings ratio of 114.00 and a beta of 1.95. The stock’s 50-day moving average is C$1.18 and its two-hundred day moving average is C$1.47. Amex Exploration has a 1-year low of C$1.05 and a 1-year high of C$2.08.

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.