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

Ventum Cap Mkts upgraded shares of Amex Exploration (CVE:AMX) from a hold rating to a strong-buy rating in a research note released on Monday,Zacks.com reports.

Separately, Ventum Financial raised shares of 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 Stock Performance

Shares of CVE AMX opened at C$1.17 on Monday. The firm has a market cap of C$134.53 million, a PE ratio of 119.00 and a beta of 1.95. The firm has a fifty day moving average of C$1.18 and a 200 day moving average of C$1.47. Amex Exploration has a one year low of C$1.05 and a one year 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.