Amex Exploration (CVE:AMX) Downgraded to Neutral at Ventum Financial

Ventum Financial downgraded shares of Amex Exploration (CVE:AMX) from a buy rating to a neutral rating in a research report sent to investors on Monday morning, BayStreet.CA reports. The brokerage currently has C$1.20 price target on the stock, down from their prior price target of C$3.05.

Separately, Canaccord Genuity Group upped their price target on shares of Amex Exploration from C$4.25 to C$4.50 in a research report on Tuesday, July 23rd.

Amex Exploration Price Performance

CVE:AMX opened at C$1.10 on Monday. The firm has a market capitalization of C$126.48 million, a P/E ratio of 110.00 and a beta of 2.03. The business has a 50 day simple moving average of C$1.67 and a 200 day simple moving average of C$1.67. Amex Exploration has a 12-month low of C$0.98 and a 12-month high of C$2.08.

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.