In sliding 4.0%, Amex Exploration Inc. (CDX:AMX:CA) was one of the worst performing stocks amongst TSX Venture Exchange-listed basic materials companies on January 13. After closing the previous session at $0.125, shares of AMX:CA opened this morning at $0.12 and closed the day at $0.12. Throughout the day, about 101,600 shares changed hands, compared to an average 30-day volume of 15,718 for Amex Exploration Inc.. Shares moved as high as $0.125 and as low as $0.12 in today’s trading action.
The share depreciation gives the company a market capitalization of $1.85 million based upon 14.78 million shares outstanding.
In the past 52 weeks, shares of Amex Exploration Inc. have traded as low as $0.105 and as high as $0.375. Technical traders will take note that at $0.12, shares of AMX:CA are trading below their 50-day moving average (MA) at $0.162 and below their 200-day MA at below $0.214. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move beneath or holding under them is typically regarded as bearish.
Who is $Amex Expl In?
Amex Exploration Inc is engaged in exploration of gold mining sites located in Canada and in Mexico. The Company's property portfolio includes Perron, Normetal, Cameron, Lac Indicateur, Eastmain Centre, Eastmain Nord, Natora & Nueva Escondida. The company is led by its CEO Jacques Trottier from its headquarters at 410 rue St-Nicolas.
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About the TSX Venture Exchange
Owned and operated by the TMX Group, the TSX Venture Exchange is a public venture capital marketplace for emerging companies. It is headquartered in Calgary, Alberta, Canada with offices in Toronto, Vancouver and Montreal. All trading on the exchange is done electronically. Originally established in 1999, the “Venture,” as it is often shortened, was previously known as the Canadian Venture Exchange, but renamed in 2001 subsequent to the TSX Group (now known as the TMX Group) purchasing it.
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