ATEX Resources (CVE:ATX) Shares Down 4.1% - Here's What Happened

Shares of ATEX Resources Inc. (CVE:ATX - Get Free Report) fell 4.1% on Tuesday . The stock traded as low as C$2.09 and last traded at C$2.13. 463,794 shares were traded during trading, a decline of 5% from the average session volume of 487,915 shares. The stock had previously closed at C$2.22.

Wall Street Analyst Weigh In

ATX has been the topic of several research analyst reports. Stifel Canada upgraded ATEX Resources to a "strong-buy" rating in a research note on Friday, May 30th. Desjardins upgraded ATEX Resources to a "moderate buy" rating in a research note on Friday, April 4th.

ATEX Resources Trading Down 2.3%

The firm has a market capitalization of C$580.55 million, a P/E ratio of -14.50 and a beta of 0.57. The company has a 50-day moving average of C$2.19 and a 200-day moving average of C$2.08.

About ATEX Resources

ATEX Resources Inc engages in the exploration and evaluation of mineral properties in South America. Its flagship property is the Valeriano Copper Gold project covering approximately 3,705 hectares located in the north-central Chile. The company was formerly known as Colombia Crest Gold Corp. and changed its name to ATEX Resources Inc in February 2019.