Ventum Cap Mkts Upgrades Amex Exploration (CVE:AMX) to “Strong-Buy”

Amex Exploration (CVE:AMX) was upgraded by equities research analysts at Ventum Cap Mkts from a “hold” rating to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.

Separately, Ventum Financial upgraded Amex Exploration from a “negative” rating to a “buy” rating and lifted their target price for the stock from C$1.10 to C$2.00 in a research note on Monday.

Amex Exploration Price Performance

Amex Exploration stock opened at C$1.16 on Monday. Amex Exploration has a fifty-two week low of C$1.05 and a fifty-two week high of C$2.08. The firm has a market capitalization of C$132.80 million, a PE ratio of 117.00 and a beta of 1.95. The company’s 50-day moving average is C$1.18 and its 200-day moving average is C$1.47.

Amex Exploration Company Profile

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.