Amex Exploration (AMX) AI Stock Analysis

• Market Cap: C$159.14M
• Dividend Yield: N/A
• Average Volume (3M): 276.19K
• Price to Earnings (P/E): 118.8
• Beta (1Y): 1.20
• Revenue Growth: N/A
• EPS Growth: -169.35%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 63
• Industry: Gold
• EPS (TTM): N/A
• Shares Outstanding: 122,412,930
• 10 Day Avg. Volume: 166,056
• 30 Day Avg. Volume: 276,189
• PEG Ratio: 14.20
• Price to Book (P/B): 0.93
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -3.88
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$2.25
• Price Target Upside: 64.23% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 46 Neutral
• Price Target: ―

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.

Amex Exploration Business Overview & Revenue Model

Company Description

Amex Exploration Inc. (AMX) is a Canadian-based mining company primarily engaged in the exploration and development of mineral resources. The company focuses on precious metal properties, with a particular emphasis on gold exploration. Amex Exploration's core operations are centered around its flagship project, the Perron Gold Project, located in Quebec, Canada. The company is committed to advancing its exploration activities to identify and develop economically viable mineral deposits.

How the Company Makes Money

Amex Exploration makes money primarily through the discovery and development of mineral resources, focusing on gold. The company's revenue model involves identifying potential mineral-rich properties and conducting exploration activities to establish the presence of economically viable mineral deposits. Once these deposits are confirmed, Amex can monetize them through a variety of strategies, such as selling the rights to larger mining companies, entering into joint ventures, or eventually developing the mines themselves for production. Key revenue streams include proceeds from the sale of exploration rights, potential future royalties, and partnerships with other mining entities. Significant factors contributing to its earnings include successful exploration results, strategic partnerships, and favorable market conditions for precious metals.

Amex Exploration Financial Statement Overview

Summary

Amex Exploration has a strong equity base with no debt, providing financial stability. However, the company faces significant challenges with no revenue generation, resulting in negative cash flows and potential liquidity risks.

Income Statement

The company reports no revenue, resulting in negative gross, EBIT, and EBITDA margins. Despite a positive net income for the TTM, historical net income figures show volatility, indicating inconsistency in profitability and a challenging financial position.

Balance Sheet

The company has a solid equity base with zero debt, reflected in a strong equity ratio. The absence of debt reduces financial risk, and the significant equity position suggests good financial stability.

Cash Flow

The cash flow statement indicates negative operating cash flow and significant capital expenditures, resulting in negative free cash flow. The lack of revenue generation and heavy investment outflows pose liquidity challenges.

Breakdown
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00	0.00
	Gross Profit
-144.28K	-186.75K	-135.26K	-101.97K	-49.28K	-70.54K
	EBIT
-2.33M	-3.21M	-3.87M	-3.61M	-3.88M	-4.60M
	EBITDA
-2.54M	-2.38M	-3.44M	-3.51M	-4.01M	-4.15M
	Net Income Common Stockholders
1.21M	680.17K	142.06K	10.08K	-1.81M	-3.90M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
522.23K	3.37M	25.78M	12.23M	9.41M	182.16K
	Total Assets
6.41M	108.92M	111.15M	66.60M	55.53M	24.06M
	Total Debt
0.00	0.00	0.00	0.00	0.00	0.00
	Net Debt
-505.44K	-3.36M	-22.27M	-12.22M	-9.39M	-168.43K
	Total Liabilities
785.16K	19.29M	22.19M	7.66M	11.26M	3.25M
	Stockholders Equity
5.63M	89.63M	88.95M	58.95M	44.27M	20.82M
Cash Flow		Free Cash Flow
-27.75M	-26.99M	-33.74M	-32.98M	-15.09M	-6.54M
	Operating Cash Flow
-2.81M	-2.40M	-3.88M	-5.61M	-2.31M	-1.09M
	Investing Cash Flow
-20.36M	-16.52M	-33.36M	-27.37M	-10.69M	-5.45M
	Financing Cash Flow
26.04M	0.00	47.30M	13.41M	32.21M	18.63M

Amex Exploration Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.37
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:AMX, the sentiment is Positive. The current price of 1.37 is above the 20-day moving average (MA) of 1.14, above the 50-day MA of 1.02, and above the 200-day MA of 1.17, indicating a bullish trend. The MACD of 0.07 indicates Negative momentum. The RSI at 61.00 is Neutral, neither overbought nor oversold. The STOCH value of 66.88 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:AMX.

Amex Exploration Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MJS	79 Outperform	C$130.33M	10.38	9.20%	―	30.95%	32.65%
STLR	51 Neutral	C$89.24M	―	-23.25%	―	―	26.82%
Sector *	50 Neutral	$1.98B	-1.07	-21.34%	3.71%	2.03%	-30.65%
AMX	46 Neutral	C$159.14M	118.75	-1.27%	―	―	-169.35%
TUD	39 Underperform	C$125.72M	―	-5.21%	―	―	36.41%
NCAU	38 Underperform	C$152.98M	―	-10.99%	―	―	-64.81%

Amex Exploration Corporate Events

Amex Exploration Advances Perron Project with Environmental Study Contract

Amex Exploration Inc. has awarded Norda Stelo the contract to conduct environmental baseline studies for its Perron project, marking a significant step towards production. The study will assess the environmental conditions of the area to aid in planning and development while minimizing impacts, supporting the submission of an environmental and social impact study. This move aligns with Amex’s dual focus on development and exploration, aiming to enhance its industry positioning and provide value to shareholders.

Spark’s Take on TSE:AMX Stock

According to Spark, TipRanks’ AI Analyst, TSE:AMX is a Neutral.

Amex Exploration’s overall score reflects strong financial stability due to a robust equity base and no debt, but significant challenges in revenue generation and cash flow. The technical indicators show lack of momentum, and the high P/E ratio suggests overvaluation concerns. The absence of earnings call data and corporate events limits additional insights into future performance.

To see Spark’s full report on TSE:AMX stock, click here.

Amex Exploration Expands with Perron West Acquisition

Amex Exploration Inc. has completed the acquisition of the Perron West Project, expanding its exploration rights by 15,192 hectares across Quebec and Ontario. This strategic acquisition enhances Amex’s operational footprint in the Abitibi-Témiscamingue region and positions the company for further growth in the gold exploration industry.

Spark’s Take on TSE:AMX Stock

According to Spark, TipRanks’ AI Analyst, TSE:AMX is a Neutral.

Amex Exploration’s overall score reflects strong financial stability due to a robust equity base and no debt, but significant challenges in revenue generation and cash flow. The technical indicators show lack of momentum, and the high P/E ratio suggests overvaluation concerns. The absence of earnings call data and corporate events limits additional insights into future performance.

To see Spark’s full report on TSE:AMX stock, click here.

Amex Exploration Expands Mineral Footprint at Perron Project

Amex Exploration Inc. has announced significant results from its ongoing drilling program at the Perron Project in Quebec, expanding the mineralized footprint of the Central Polymetallic Zone (CPZ) by approximately 130 meters to the west near the surface. The recent drill results indicate high-grade polymetallic mineralization, including gold, silver, copper, zinc, and lead, suggesting potential for further growth and extension of the CPZ at depth. This expansion enhances Amex’s position in the mining sector, potentially increasing its resource base and attracting stakeholder interest.

Spark’s Take on TSE:AMX Stock

According to Spark, TipRanks’ AI Analyst, TSE:AMX is a Neutral.

Amex Exploration’s overall score reflects strong financial stability due to a robust equity base and no debt, but significant challenges in revenue generation and cash flow. The technical indicators show lack of momentum, and the high P/E ratio suggests overvaluation concerns. The absence of earnings call data and corporate events limits additional insights into future performance.

To see Spark’s full report on TSE:AMX stock, click here.

Amex Exploration Expands Land Holdings with Strategic Acquisition of Perron West

Amex Exploration Inc. has entered into a definitive agreement to acquire a significant land package, expanding its holdings around the Perron Project from 4,560 hectares to 19,752 hectares. This acquisition, named the Perron West Project, is strategically important as it includes geological features similar to the existing Perron Project, potentially leading to new gold and copper discoveries. The acquisition allows Amex to control over 35 kilometers of the Normétal Fault and 9 kilometers of the Perron Fault, positioning the company to leverage its existing infrastructure for future exploration and development, potentially benefiting stakeholders by increasing the company’s resource base and exploration potential.

Amex Exploration Launches 2025 Drill Program at Perron Project

Amex Exploration Inc. has announced a fully funded 2025 exploration drill program for its Perron Project in Quebec, aimed at expanding known gold zones and exploring new, untested targets. The program seeks to build upon previous successes in the Beaupré Block and explore the potential of the Normétal Fault and Patten Pluton areas, potentially increasing resources and impacting the company’s market position positively.