Amex Exploration Seeks Permit for Underground Bulk Sampling at Perron Project

Amex Exploration ( (TSE:AMX) ) has provided an announcement.

Amex Exploration Inc. has submitted an application for an underground bulk sampling program at its Perron gold project in Quebec. This initiative aims to enhance geological understanding, validate resource estimates, and confirm mining concepts, which will de-risk the project’s development. Subject to approval, work is expected to commence in Q1 2026, with the program set to impact the company’s operational and financial strategies positively.

The most recent analyst rating on (TSE:AMX) stock is a Buy with a C$2.80 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 that focuses on significant high-grade gold discoveries and copper-rich volcanogenic massive sulphide (VMS) zones at its 100%-owned Perron Gold Project in Quebec. The project comprises 117 contiguous claims and benefits from excellent infrastructure, being accessible by road and close to several milling operations owned by major gold producers.

Average Trading Volume: 133,318

Technical Sentiment Signal: Buy

Current Market Cap: C$327.6M

For a thorough assessment of AMX stock, go to TipRanks’ Stock Analysis page.