Amex Exploration (CVE:AMX) Shares Down 2% - Time to Sell?

Amex Exploration Inc. (CVE:AMX - Get Free Report) was down 2% during mid-day trading on Tuesday . The stock traded as low as C$1.46 and last traded at C$1.50. Approximately 206,830 shares changed hands during trading, an increase of 13% from the average daily volume of 183,683 shares. The stock had previously closed at C$1.53.

Amex Exploration Price Performance

The stock has a 50 day moving average price of C$1.10 and a 200-day moving average price of C$1.07. The stock has a market capitalization of C$187.43 million, a P/E ratio of 147.26 and a beta of 1.95.

Insider Buying and Selling

In other news, insider 2176423 Ontario Ltd. purchased 436,300 shares of the company's stock in a transaction on Wednesday, April 23rd. The stock was acquired at an average price of C$1.06 per share, with a total value of C$462,478.00. Insiders have purchased a total of 1,575,300 shares of company stock worth $1,487,778 in the last ninety days. 18.28% of the stock is owned by 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.