Amex Exploration (CVE:AMX) Sets New 52-Week High - Here's Why

Key Points

• Amex Exploration Inc. reached a new 52-week high of C$3.15 during trading, with current trading at C$2.97 and a volume of 336,397 shares.
• Haywood Securities raised their target price for Amex Exploration from C$3.00 to C$4.00, further solidifying the stock's rating as a "Strong Buy."
• The company, focused on gold mining properties in Canada, has a market cap of C$421.74 million and a notably high beta of 2.40, indicating higher volatility compared to the market.

Amex Exploration Inc. (CVE:AMX - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$3.15 and last traded at C$2.97, with a volume of 336397 shares. The stock had previously closed at C$2.95.

Wall Street Analysts Forecast Growth

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

Amex Exploration Trading Up 1.0%

The firm has a market cap of C$421.74 million, a price-to-earnings ratio of -119.20 and a beta of 2.40. The stock has a fifty day moving average price of C$2.38 and a 200 day moving average price of C$1.67.

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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