ATEX Resources (CVE:ATX) Shares Down 3.2% – Should You Sell?

ATEX Resources Inc. (CVE:ATX) traded down 3.2% during trading on Tuesday . The company traded as low as C$1.49 and last traded at C$1.50. 182,870 shares changed hands during trading, a decline of 67% from the average session volume of 550,880 shares. The stock had previously closed at C$1.55.

Analyst Ratings Changes

Several brokerages recently weighed in on ATX. Desjardins upgraded shares of ATEX Resources to a “moderate buy” rating in a research report on Thursday, October 31st. BMO Capital Markets set a C$2.50 target price on shares of ATEX Resources and gave the company an “outperform” rating in a research report on Tuesday, November 5th.

ATEX Resources Stock Performance

The stock has a market cap of C$310.29 million, a PE ratio of -8.33 and a beta of 0.57. The stock has a fifty day moving average price of C$1.53 and a 200 day moving average price of C$1.38.

About ATEX Resources

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.