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

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.

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

Analyst Upgrades and Downgrades

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

ATEX Resources Stock Performance

The firm's fifty day simple moving average is C$2.17 and its 200 day simple moving average is C$2.12. The stock has a market capitalization of C$583.34 million, a P/E ratio of -14.57 and a beta of 0.57.

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.

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