Amex Exploration (CVE:AMX) Shares Up 4% - Should You Buy?

Amex Exploration Inc. (CVE:AMX - Get Free Report)'s share price shot up 4% during mid-day trading on Thursday . The stock traded as high as C$1.82 and last traded at C$1.80. 58,876 shares changed hands during trading, a decline of 65% from the average session volume of 166,675 shares. The stock had previously closed at C$1.73.

Amex Exploration Stock Performance

The firm has a market capitalization of C$221.95 million, a PE ratio of 174.38 and a beta of 1.95. The company's 50-day moving average price is C$1.44 and its 200-day moving average price is C$1.16.

Insider Buying and Selling

In related news, insider 2176423 Ontario Ltd. purchased 436,300 shares of the business's stock in a transaction that occurred on Wednesday, April 23rd. The shares were purchased at an average cost of C$1.06 per share, for a total transaction of C$462,478.00. 18.28% of the stock is owned by corporate insiders.

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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