Amex Exploration (CVE:AMX) Sets New 12-Month High - Here's What Happened

Key Points

• Amex Exploration Inc. shares reached a new 52-week high of C$3.07, closing at C$3.03 with over 567,000 shares traded.
• Haywood Securities increased their price target for Amex Exploration from C$3.00 to C$4.00, indicating positive analyst sentiment towards the company.
• The company's market capitalization is approximately C$428.81 million, with a P/E ratio of -121.20 and a beta of 2.21, reflecting potential volatility in its stock performance.

Amex Exploration Inc. (CVE:AMX - Get Free Report) shares hit a new 52-week high on Wednesday . The stock traded as high as C$3.07 and last traded at C$3.03, with a volume of 567109 shares trading hands. The stock had previously closed at C$2.86.

Analyst Ratings Changes

Separately, Haywood Securities raised their price target on shares of Amex Exploration from C$3.00 to C$4.00 in a research report on Monday, September 8th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Strong Buy" and an average target price of C$3.00.

Amex Exploration Price Performance

The firm has a market capitalization of C$428.81 million, a P/E ratio of -121.20 and a beta of 2.21. The business's 50-day moving average is C$2.26 and its 200 day moving average is C$1.60.

Amex Exploration Company Profile

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.

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