Amex Exploration Inc (TSE:AMX)
:AMX
Top Page
Amex Exploration
(AMX)
Select Model
Select Model
Rating:60Neutral
Price Target:
C$4.50
▲(13.35% Upside)
Action:ReiteratedDate:01/09/26
The score is driven primarily by weak financial performance (pre-revenue, widening losses, and negative free cash flow) partly offset by a strong debt-free balance sheet. Technicals are a positive contributor due to a strong uptrend, though momentum looks overbought. Valuation is constrained by ongoing losses and no dividend support.
Positive Factors
Debt-free balance sheet
Zero reported debt is a durable structural strength for a junior explorer: it removes fixed interest obligations, lowers insolvency risk during prolonged exploration cycles, and lets management allocate capital to drilling or partner deals without debt-service constraints.
Negative Factors
Pre-revenue status
Being pre-revenue is an enduring business-model risk: without operating sales the firm depends on capital markets or asset dispositions to fund operations, making long-term project advancement contingent on continued financing and successful exploration outcomes.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
Zero reported debt is a durable structural strength for a junior explorer: it removes fixed interest obligations, lowers insolvency risk during prolonged exploration cycles, and lets management allocate capital to drilling or partner deals without debt-service constraints.
Read all positive factors
Amex Exploration (AMX) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$565.99M
Dividend YieldN/A
Average Volume (3M)213.17K
Price to Earnings (P/E)―
Beta (1Y)2.46
Revenue GrowthN/A
EPS Growth-546.59%
CountryCA
EmployeesN/A
SectorGeneral
Sector StrengthN/A
IndustryGold
Share Statistics
EPS (TTM)N/A
Shares Outstanding142,567,690
10 Day Avg. Volume196,534
30 Day Avg. Volume213,170
Financial Highlights & Ratios
PEG Ratio0.87
Price to Book (P/B)1.12
Price to Sales (P/S)0.00
P/FCF Ratio-5.63
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$6.63Price Target Upside67.00% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-0.02
Revenue Forecast (FY)N/A
Amex Exploration Business Overview & Revenue Model
Company Description
Amex Exploration Inc., a junior mining exploration company, acquires, explores, and develops gold projects in Canada. Its flagship property is the 100% owned Perron gold project that consists of 117 mining claims covering an area of 4,836 hectares...
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 establ...
Amex Exploration Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
74
Positive
Cash Flow
28
Negative
| Breakdown | TTM | Mar 2025 | Dec 2023 | Mar 2023 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -98.63K | -200.54K | -186.75K | -135.26K | -101.97K | -49.28K |
| EBITDA | -4.39M | -2.30M | -2.38M | -3.44M | -3.51M | -4.01M |
| Net Income | -4.81M | -739.55K | 680.17K | 142.06K | 10.08K | -1.81M |
Balance Sheet | ||||||
| Total Assets | 173.07M | 137.75M | 108.92M | 111.15M | 66.60M | 55.53M |
| Cash, Cash Equivalents and Short-Term Investments | 40.20M | 13.53M | 3.37M | 25.78M | 12.23M | 9.41M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 24.72M | 24.81M | 19.29M | 22.19M | 7.66M | 11.26M |
| Stockholders Equity | 148.36M | 112.94M | 89.63M | 88.95M | 58.95M | 44.27M |
Cash Flow | ||||||
| Free Cash Flow | -12.42M | -22.50M | -26.99M | -33.74M | -32.98M | -15.09M |
| Operating Cash Flow | -2.00M | -1.41M | -2.40M | -3.88M | -5.61M | -2.31M |
| Investing Cash Flow | -23.41M | -30.93M | -16.52M | -33.36M | -27.37M | -10.69M |
| Financing Cash Flow | 43.16M | 32.50M | 0.00 | 47.30M | 13.41M | 32.21M |
Amex Exploration Technical Analysis
Positive
3.97
Price Trends
4.20
Negative
4.04
Negative
3.15
Positive
Market Momentum
-0.10
Negative
52.68
Neutral
77.15
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 3.97 is above the 20-day moving average (MA) of 3.75, below the 50-day MA of 4.20, and above the 200-day MA of 3.15, indicating a neutral trend. The MACD of -0.10 indicates Negative momentum. The RSI at 52.68 is Neutral, neither overbought nor oversold. The STOCH value of 77.15 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
60 Neutral | C$565.99M | -167.76 | -3.94% | ― | ― | -546.59% | |
57 Neutral | C$874.36M | -64.16 | -1.82% | ― | ― | -251.92% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
49 Neutral | C$856.33M | -71.88 | -8.14% | ― | ― | -26.52% | |
49 Neutral | C$571.25M | -26.89 | -6.33% | ― | -5.94% | -153.35% | |
48 Neutral | C$664.47M | -8.68 | -149.35% | ― | 119.95% | -79.81% | |
44 Neutral | C$437.57M | -36.79 | ― | ― | ― | 46.54% |
* General Sector Average
TSE:AMX
Amex Exploration
3.97
3.16
390.12%
TSE:ITH
International Tower Hill Mines
3.28
2.57
361.97%
TSE:TAU
Thesis Gold Inc
3.15
2.40
320.00%
TSE:MAI
Minera Alamos
6.15
3.00
95.24%
TSE:JAG
Jaguar Mining
6.70
4.26
174.59%
TSE:FDR
Founders Metals
3.80
-0.44
-10.38%
Amex Exploration Corporate Events
Business Operations and Strategy
Amex Advances Perron Project with Dedicated Hydro-Québec Power Line
Positive
Feb 3, 2026
Amex Exploration has launched the permitting and preparatory work for a dedicated 25 kV Hydro-Québec power line to its Perron Project, mandating Abitibi-based contractor Moreau to handle planning, engineering and regulatory support for the 6....
Business Operations and Strategy
Amex Advances Bulk Sample and Feasibility Work at Perron as Gold Market Strengthens
Positive
Jan 15, 2026
Amex Exploration announced continued progress on its planned bulk sample program and Phase 1 Feasibility Study for a direct shipping ore development strategy at the Perron Gold Project, with permitting for the bulk sample submitted in September 20...
Business Operations and StrategyM&A Transactions
Amex Exploration Expands Land Holdings with Ontario Acquisition
Positive
Dec 17, 2025
Amex Exploration Inc. has completed the acquisition of the Abbotsford and Hepburn Projects in Ontario, adding 324 non-contiguous mining claims over 8,392.92 hectares to its portfolio. This acquisition enhances Amex’s district-scale land pack...
Business Operations and Strategy
Amex Exploration Boosts Community Engagement for Perron Project
Positive
Dec 4, 2025
Amex Exploration has enhanced its community engagement efforts as it advances the Perron Project, a significant gold exploration initiative in Quebec. The company has opened local offices in Valcanton and Normétal, launched a community websit...
Business Operations and StrategyM&A Transactions
Amex Exploration Expands Land Holdings in Abitibi Region
Positive
Dec 1, 2025
Amex Exploration Inc. has significantly expanded its land holdings in the Abitibi region by acquiring the Abbotsford and Hepburn projects, as well as additional claims, increasing its control to 500 km2. This strategic move positions Amex as one o...
Business Operations and StrategyPrivate Placements and Financing
Amex Exploration Grants Stock Options and Restricted Share Units
Positive
Nov 22, 2025
Amex Exploration Inc. has announced the granting of 3,250,000 incentive stock options and 2,026,000 restricted share units to certain directors, officers, employees, and consultants. Each option allows the acquisition of a common share at $2.85 pe...
Business Operations and Strategy
Amex Exploration Grants Stock Options and Restricted Share Units
Positive
Nov 22, 2025
Amex Exploration Inc. has announced the grant of 3,250,000 incentive stock options and 2,026,000 restricted share units to its directors, officers, employees, and consultants. These grants are part of the company’s omnibus equity incentive p...
Business Operations and Strategy
Amex Exploration Plans Extensive Drilling to Boost Gold Resources
Positive
Nov 3, 2025
Amex Exploration Inc. has announced plans for an extensive 2026 exploration program, which includes up to 100,000 meters of drilling at its Perron Project in Quebec and Perron West Project in Ontario. This initiative is part of one of the most agg...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.