Ventum Financial Upgrades Amex Exploration (CVE:AMX) to Buy

Amex Exploration (CVE:AMX) was upgraded by investment analysts at Ventum Financial from a “negative” rating to a “buy” rating in a research report issued to clients and investors on Monday,BayStreet.CA reports. The brokerage currently has a C$2.00 price target on the stock, up from their previous price target of C$1.10. Ventum Financial’s price objective suggests a potential upside of 75.44% from the company’s previous close.

Separately, Ventum Cap Mkts lowered Amex Exploration from a “strong-buy” rating to a “hold” rating in a report on Monday, September 9th.

Amex Exploration Trading Down 2.6 %

CVE:AMX traded down C$0.03 during midday trading on Monday, reaching C$1.14. The company had a trading volume of 118,455 shares, compared to its average volume of 107,611. Amex Exploration has a 12-month low of C$1.05 and a 12-month high of C$2.08. The firm has a market capitalization of C$131.08 million, a price-to-earnings ratio of 114.00 and a beta of 1.95. The stock’s fifty day simple moving average is C$1.18 and its 200-day simple moving average is C$1.48.

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.