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ATEX Resources (CVE:ATX) Stock Price Down 4.1% - Time to Sell?

ATEX Resources logo with Basic Materials background

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

Analysts Set New Price Targets

A number of research analysts have recently commented on ATX shares. Stifel Canada raised shares of ATEX Resources to a "strong-buy" rating in a research report on Friday, May 30th. Desjardins upgraded shares of ATEX Resources to a "moderate buy" rating in a research note on Friday, April 4th.

Read Our Latest Stock Analysis on ATX

ATEX Resources Trading Up 0.9%

The business's 50 day moving average price is C$2.18 and its 200-day moving average price is C$2.07. The company has a market cap of C$600.09 million, a price-to-earnings ratio of -14.99 and a beta of 0.57.

ATEX Resources Company Profile

(Get Free Report)

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.

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