Haywood Securities Forecasts Strong Price Appreciation for Amex Exploration (CVE:AMX) Stock

Key Points

• Haywood Securities has **increased the price target** for Amex Exploration (CVE:AMX) from **C$3.00 to C$4.00**, indicating a potential upside of **48.15%** from the stock's previous close.
• Amex Exploration's stock traded up to **C$2.70** with a trading volume of **65,916 shares**, significantly lower than its average volume of **163,493 shares**.
• The company is engaged in the **exploration of gold mining properties** in Canada, focusing on projects located in Quebec, including the **Perron project** and **Lebel-sur-Quévillon project**.

Amex Exploration (CVE:AMX - Get Free Report) had its price target boosted by Haywood Securities from C$3.00 to C$4.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. Haywood Securities' price objective suggests a potential upside of 50.38% from the company's previous close.

Amex Exploration Stock Performance

Shares of CVE:AMX traded up C$0.04 during trading on Monday, reaching C$2.66. 220,988 shares of the stock were exchanged, compared to its average volume of 163,316. Amex Exploration has a 12-month low of C$0.80 and a 12-month high of C$2.96. The firm has a market cap of C$376.45 million, a price-to-earnings ratio of -106.40 and a beta of 2.21. The firm's 50-day moving average price is C$2.04 and its 200 day moving average price is C$1.46.

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.