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The latest update is out from Amex Exploration ( (TSE:AMX) ).
Amex Exploration Inc. has announced the filing of an updated Mineral Resource Estimate (MRE) Technical Report for its Perron Gold Project, showing a significant increase in measured and indicated resources. The updated MRE reveals a 172% increase in measured and indicated resources and a 43% increase in grade, highlighting the project’s potential for expansion and future exploration. This development is poised to enhance Amex’s position in the mining industry and offer promising opportunities for stakeholders.
The most recent analyst rating on (TSE:AMX) stock is a Buy with a C$3.00 price target. To see the full list of analyst forecasts on Amex Exploration stock, see the TSE:AMX Stock Forecast page.
Spark’s Take on TSE:AMX Stock
According to Spark, TipRanks’ AI Analyst, TSE:AMX is a Neutral.
Amex Exploration’s overall score reflects its speculative nature as a gold exploration company reliant on equity financing. While the company benefits from a strong balance sheet with no debt, significant challenges remain in revenue generation and cash flow. The technical indicators show moderate momentum, and recent strategic expansions could enhance its operational footprint. However, the high P/E ratio and absence of earnings limit valuation attractiveness.
To see Spark’s full report on TSE:AMX stock, click here.
More about Amex Exploration
Amex Exploration Inc. is a company focused on high-grade gold discoveries and copper-rich volcanogenic massive sulphide (VMS) zones at its 100%-owned Perron Gold Project in Quebec, Canada. The project covers a district-scale land package of 197.52 km², known for its favorable geology for gold and VMS mineralization. The site benefits from excellent infrastructure, being accessible by road and close to an airport and milling operations.
Average Trading Volume: 215,841
Technical Sentiment Signal: Buy
Current Market Cap: C$182.4M
Learn more about AMX stock on TipRanks’ Stock Analysis page.