Amex Exploration (CVE:AMX) Stock Price Down 3.6% - What's Next?

Key Points

• Amex Exploration's stock price dropped 3.6% to C$2.67 on Tuesday, with trading volume increasing to 228,230 shares.
• Haywood Securities raised their price target for Amex Exploration from C$3.00 to C$4.00, with a consensus rating of "Strong Buy" among analysts.
• The company's market capitalization stands at C$377.87 million and it holds multiple gold mining properties in Quebec.

Amex Exploration Inc. (CVE:AMX - Get Free Report) shares dropped 3.6% on Tuesday . The stock traded as low as C$2.56 and last traded at C$2.67. Approximately 228,230 shares traded hands during trading, an increase of 33% from the average daily volume of 171,670 shares. The stock had previously closed at C$2.77.

Analysts Set New Price Targets

Separately, Haywood Securities raised their price objective 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 given a Buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Strong Buy" and an average price target of C$3.00.

Amex Exploration Stock Down 3.6%

The stock has a market cap of C$377.87 million, a P/E ratio of -106.80 and a beta of 2.40. The firm's 50-day moving average is C$2.60 and its two-hundred day moving average is C$1.81.

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.

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