Amex Exploration Inc. (OTCMKTS:AMXEF – Get Rating) saw a large growth in short interest in July. As of July 31st, there was short interest totalling 18,900 shares, a growth of 29.5% from the July 15th total of 14,600 shares. Based on an average trading volume of 62,100 shares, the days-to-cover ratio is presently 0.3 days.
Analysts Set New Price Targets
Separately, Canaccord Genuity Group started coverage on shares of Amex Exploration in a report on Tuesday, May 10th. They issued a "buy" rating and a C$4.00 price target on the stock.
Get Amex Exploration alerts:Amex Exploration Price Performance
AMXEF traded down $0.03 during trading on Friday, reaching $1.82. The stock had a trading volume of 2,500 shares, compared to its average volume of 21,283. Amex Exploration has a one year low of $1.12 and a one year high of $2.68. The stock's 50 day moving average is $1.51 and its two-hundred day moving average is $1.98.
About Amex Exploration
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Amex Exploration Inc, a junior mining exploration company, acquires, explores, and develops gold projects in Canada. Its flagship property is the 100% owned Perron gold project that consists of 117 mining claims covering an area of 4,836 hectares situated in Rouyn-Noranda, Quebec. It also holds interest in Lebel-Sur-Quévillon and Eastmain River projects located in the Abitibi region of Quebec and elsewhere in the province.
Further Reading
- Get a free copy of the StockNews.com research report on Amex Exploration (AMXEF)
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