ATEX Resources (CVE:ATX) Trading Down 1.9% - Time to Sell?

ATEX Resources Inc. (CVE:ATX - Get Free Report)'s stock price traded down 1.9% during trading on Tuesday . The company traded as low as C$2.50 and last traded at C$2.54. 1,085,041 shares were traded during mid-day trading, an increase of 135% from the average session volume of 460,829 shares. The stock had previously closed at C$2.59.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus lifted their price objective on shares of ATEX Resources from C$4.00 to C$4.50 in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to MarketBeat.com, ATEX Resources has a consensus rating of "Strong Buy" and an average price target of C$3.50.

ATEX Resources Price Performance

The firm has a 50 day moving average of C$2.45 and a two-hundred day moving average of C$2.23. The stock has a market cap of C$762.81 million, a PE ratio of -10.16 and a beta of 1.72.

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.

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