ATEX Resources (CVE:ATX) Stock Price Down 3.2% – Here’s What Happened

ATEX Resources Inc. (CVE:ATX) was down 3.2% during trading on Tuesday . The company traded as low as C$1.53 and last traded at C$1.53. Approximately 74,585 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 575,948 shares. The stock had previously closed at C$1.58.

Analyst Upgrades and Downgrades

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

ATEX Resources Stock Down 1.3 %

The firm has a 50 day simple moving average of C$1.50 and a two-hundred day simple moving average of C$1.37. The stock has a market capitalization of C$318.56 million, a P/E ratio of -8.67 and a beta of 0.57.

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.