Amex Exploration (CVE:AMX) Stock Rating Upgraded by Ventum Financial

Amex Exploration (CVE:AMX) was upgraded by equities research analysts at Ventum Financial from a “negative” rating to a “buy” rating in a research report issued on Monday,BayStreet.CA reports. The brokerage currently has a C$2.00 target price on the stock, up from their previous target price of C$1.10. Ventum Financial’s price objective indicates a potential upside of 73.16% from the company’s previous close.

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

Amex Exploration Stock Performance

AMX opened at C$1.16 on Monday. The company has a market capitalization of C$132.80 million, a P/E ratio of 117.00 and a beta of 1.95. Amex Exploration has a 1-year low of C$1.05 and a 1-year high of C$2.08. The company has a 50-day moving average of C$1.18 and a 200-day moving average of C$1.47.

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.