ATEX Resources (CVE:ATX) Stock Price Up 1% – Should You Buy?

ATEX Resources Inc. (CVE:ATX)’s share price traded up 1% during trading on Thursday . The company traded as high as C$2.12 and last traded at C$2.02. 1,233,957 shares were traded during mid-day trading, an increase of 40% from the average session volume of 881,197 shares. The stock had previously closed at C$2.00.

Wall Street Analysts Forecast Growth

ATX has been the topic of several research analyst reports. 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 price target on ATEX Resources and gave the company an “outperform” rating in a report on Tuesday, November 5th.

ATEX Resources Stock Up 1.0 %

The firm has a market capitalization of C$417.86 million, a PE ratio of -11.22 and a beta of 0.57. The business’s 50-day moving average price is C$1.58 and its 200-day moving average price is C$1.45.

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.