Amex Exploration (CVE:AMX) Stock Price Down 2.8%

Amex Exploration Inc. (CVE:AMX)’s share price was down 2.8% during mid-day trading on Monday . The company traded as low as C$1.73 and last traded at C$1.75. Approximately 56,721 shares traded hands during trading, a decline of 31% from the average daily volume of 81,956 shares. The stock had previously closed at C$1.80.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group lifted their price objective on shares of Amex Exploration from C$3.50 to C$4.25 in a research note on Tuesday, April 23rd.

Amex Exploration Price Performance

The firm has a market capitalization of C$193.08 million, a PE ratio of 168.00 and a beta of 1.79. The business has a 50-day simple moving average of C$1.71 and a 200-day simple moving average of C$1.45.

Amex Exploration (CVE:AMX) last released its earnings results on Tuesday, March 26th. The company reported C($0.02) earnings per share for the quarter. On average, research analysts expect that Amex Exploration Inc. will post -0.02 earnings per share for the current year.

About Amex Exploration

Amex Exploration Inc, together with its subsidiaries, engages in the exploration of gold mining properties in Canada. The company holds interest in the Perron project and the Lebel-sur-Quévillon project located in Quebec. It also holds interest in the Eastmain River South, North, and Central projects located in Chibougamau, Quebec.