ATEX Resources (CVE:ATX) Stock Price Up 3.9% – Should You Buy?

ATEX Resources Inc. (CVE:ATX) shares were up 3.9% on Wednesday . The stock traded as high as C$1.59 and last traded at C$1.59. Approximately 306,176 shares were traded during mid-day trading, an increase of 86% from the average daily volume of 164,213 shares. The stock had previously closed at C$1.53.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. BMO Capital Markets set a C$2.50 price target on ATEX Resources and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. Desjardins upgraded shares of ATEX Resources to a “moderate buy” rating in a research note on Thursday, October 31st.

ATEX Resources Trading Up 3.9 %

The company has a market cap of C$328.91 million, a price-to-earnings ratio of -8.83 and a beta of 0.57. The business has a fifty day moving average of C$1.53 and a two-hundred day moving average of C$1.40.

ATEX Resources Company Profile

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.