Amex Exploration (AMX) AI Stock Analysis

• Market Cap: C$181.17M
• Dividend Yield: N/A
• Average Volume (3M): 192.00K
• Price to Earnings (P/E): 118.8
• Beta (1Y): 1.19
• Revenue Growth: N/A
• EPS Growth: -169.35%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 68
• Industry: Gold
• EPS (TTM): N/A
• Shares Outstanding: 122,412,930
• 10 Day Avg. Volume: 159,515
• 30 Day Avg. Volume: 191,995
• PEG Ratio: 0.93
• Price to Book (P/B): 1.94
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -5.11
• 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$2.50
• Price Target Upside: 65.56% 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 reflects the typical financial profile of a gold exploration company, with no revenue generation and reliance on equity financing. The company’s operational and financial metrics show significant operational losses and negative cash flows, with stability provided by strong equity funding. The potential for future profitability hinges on successful exploration outcomes.

Income Statement

Amex Exploration has consistently reported no revenue, which is typical for exploration companies in non-production phases. The company shows persistent negative EBIT and EBITDA, indicating ongoing operational losses. The net profit margin is negative, with net losses reported in the TTM. These metrics suggest the company is heavily reliant on external financing, with no revenue stream to offset operating expenses.

Balance Sheet

The company maintains a healthy balance sheet with no debt, reflected in a debt-to-equity ratio of zero. Stockholders' equity has been increasing, supported by financing activities, which is a positive sign of financial stability. However, the equity ratio shows a high reliance on equity to fund assets, which could pose a risk if financing becomes constrained.

Cash Flow

Amex Exploration shows negative operating and free cash flows, indicating the company is not generating sufficient cash from operations. The negative free cash flow growth suggests increasing capital expenditures, likely for exploration activities. The company relies on financing cash flow, impacting its sustainability if external funding sources are reduced.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00
	Gross Profit
-200.54K	-186.75K	-135.26K	-101.97K	-49.28K
	EBIT
-3.04M	-3.21M	-3.87M	-3.61M	-3.88M
	EBITDA
-2.30M	-2.38M	-3.44M	-3.51M	-4.01M
	Net Income Common Stockholders
-739.55K	680.17K	142.06K	10.08K	-1.81M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
13.53M	3.37M	25.78M	12.23M	9.41M
	Total Assets
137.75M	108.92M	111.15M	66.60M	55.53M
	Total Debt
0.00	0.00	0.00	0.00	0.00
	Net Debt
-3.53M	-3.36M	-22.27M	-12.22M	-9.39M
	Total Liabilities
24.81M	19.29M	22.19M	7.66M	11.26M
	Stockholders Equity
112.94M	89.63M	88.95M	58.95M	44.27M
Cash Flow		Free Cash Flow
-22.50M	-26.99M	-33.74M	-32.98M	-15.09M
	Operating Cash Flow
-1.41M	-2.40M	-3.88M	-5.61M	-2.31M
	Investing Cash Flow
-30.93M	-16.52M	-33.36M	-27.37M	-10.69M
	Financing Cash Flow
32.50M	0.00	47.30M	13.41M	32.21M

Amex Exploration Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.51
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• 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 1.51 is above the 20-day moving average (MA) of 1.42, above the 50-day MA of 1.18, and above the 200-day MA of 1.14, indicating a bullish trend. The MACD of 0.10 indicates Positive momentum. The RSI at 61.18 is Neutral, neither overbought nor oversold. The STOCH value of 21.92 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	77 Outperform	C$182.47M	13.04	9.39%	―	36.47%	42.27%
STLR	51 Neutral	C$111.54M	―	-23.25%	―	―	26.82%
Sector *	51 Neutral	$2.04B	-1.23	-21.09%	3.96%	2.90%	-30.45%
AMX	46 Neutral	C$181.17M	118.75	-1.27%	―	―	-169.35%
TUD	39 Underperform	C$140.70M	―	-5.21%	―	―	36.41%
NCAU	38 Underperform	C$175.04M	―	-9.41%	―	―	-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.