ATEX Resources (CVE:ATX) Stock Price Up 8.2% - What's Next?

Key Points

• Stock up 8.2%: ATEX shares rose 8.2% Monday to C$3.04 (intraday high C$3.05) on 690,826 shares traded, about 17% below the average session volume.
• Analyst sentiment is bullish: The consensus rating is "Buy" with an average price target of C$4.67, including a C$5.50 target from Ventum Financial and a "strong-buy" from TD Securities.
• Company profile and fundamentals: ATEX explores South American mineral properties (flagship Valeriano Copper‑Gold project in Chile), has a market cap of C$1.12B, a negative P/E (-12.16) and a beta of 2.21.

ATEX Resources Inc. (CVE:ATX - Get Free Report)'s stock price traded up 8.2% during trading on Monday . The company traded as high as C$3.05 and last traded at C$3.04. 690,826 shares were traded during mid-day trading, a decline of 17% from the average session volume of 828,296 shares. The stock had previously closed at C$2.81.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Ventum Financial set a C$5.50 price objective on shares of ATEX Resources and gave the stock a "buy" rating in a report on Monday, March 2nd. TD Securities raised ATEX Resources to a "strong-buy" rating in a research note on Tuesday, December 16th. Two investment analysts have rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. According to MarketBeat.com, the company has an average rating of "Buy" and an average price target of C$4.67.

ATEX Resources Price Performance

The stock has a market capitalization of C$1.12 billion, a PE ratio of -12.16 and a beta of 2.21. The firm's 50 day simple moving average is C$3.89 and its 200 day simple moving average is C$3.12.

ATEX Resources Company Profile

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. ATEX Resources Inc was incorporated in 1981 and is headquartered in Toronto, Canada.

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