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ATEX Resources (CVE:ATX) Trading 1% Higher - Should You Buy?

ATEX Resources logo with Basic Materials background

Key Points

  • ATEX Resources Inc. stock rose 1% to C$2.09, despite a notable 76% drop in trading volume compared to its average.
  • Stifel Canada has upgraded the stock to a "strong-buy" rating, enhancing its market outlook.
  • The company's market capitalization stands at C$583.34 million, with a P/E ratio of -14.57 and a beta of 0.57, indicating lower volatility relative to the market.
  • Looking to export and analyze ATEX Resources data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Shares of ATEX Resources Inc. (CVE:ATX - Get Free Report) shot up 1% during mid-day trading on Wednesday . The company traded as high as C$2.09 and last traded at C$2.09. 115,370 shares changed hands during trading, a decline of 76% from the average session volume of 481,320 shares. The stock had previously closed at C$2.07.

Analyst Upgrades and Downgrades

Separately, Stifel Canada upgraded ATEX Resources to a "strong-buy" rating in a research note on Friday, May 30th.

View Our Latest Stock Report on ATEX Resources

ATEX Resources Trading Up 1.4%

The firm has a fifty day moving average of C$2.17 and a two-hundred day moving average of C$2.13. The company has a market capitalization of C$605.67 million, a PE ratio of -15.13 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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Should You Invest $1,000 in ATEX Resources Right Now?

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