ATEX Resources (CVE:ATX) Trading Down 3.2% – What’s Next?

Shares of ATEX Resources Inc. (CVE:ATX) dropped 3.2% during trading on Tuesday . The company traded as low as C$1.49 and last traded at C$1.50. Approximately 182,870 shares were traded during mid-day trading, a decline of 67% from the average daily volume of 550,880 shares. The stock had previously closed at C$1.55.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Desjardins raised shares of ATEX Resources to a “moderate buy” rating in a research note on Thursday, October 31st. BMO Capital Markets set a C$2.50 target price on shares of ATEX Resources and gave the stock an “outperform” rating in a report on Tuesday, November 5th.

ATEX Resources Stock Up 0.7 %

The company has a market capitalization of C$299.95 million, a P/E ratio of -8.06 and a beta of 0.57. The firm has a fifty day simple moving average of C$1.53 and a 200-day simple moving average of C$1.39.

About ATEX Resources

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.