Insider Selling: Silver X Mining (CVE:AGX) Director Sells C$24,750.00 in Stock

Silver X Mining Corp. (CVE:AGX) Director Jose Maria Garcia Jimenez sold 27,500 shares of the business’s stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of C$0.90, for a total value of C$24,750.00. Following the transaction, the director directly owned 17,135,901 shares of the company’s stock, valued at approximately C$15,422,310.90. The trade was a 0.16% decrease in their position.

Jose Maria Garcia Jimenez also recently made the following trade(s):

• On Friday, September 11th, Jose Maria Garcia Jimenez sold 10,000 shares of Silver X Mining stock. The stock was sold at an average price of C$0.92, for a total transaction of C$9,200.00.
• On Thursday, September 3rd, Jose Maria Garcia Jimenez sold 55,000 shares of Silver X Mining stock. The shares were sold at an average price of C$0.93, for a total transaction of C$51,150.00.
• On Friday, September 4th, Jose Maria Garcia Jimenez sold 65,000 shares of Silver X Mining stock. The shares were sold at an average price of C$0.92, for a total transaction of C$59,800.00.

Silver X Mining Price Performance

Shares of CVE:AGX opened at C$0.88 on Friday. The company has a market cap of C$254.99 million, a price-to-earnings ratio of 88.00 and a beta of 2.94. The company has a debt-to-equity ratio of 94.11, a current ratio of 1.97 and a quick ratio of 1.12. The firm has a 50 day simple moving average of C$0.81 and a 200 day simple moving average of C$0.78. Silver X Mining Corp. has a one year low of C$0.41 and a one year high of C$1.61.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on AGX shares. Ventum Capital set a C$1.60 price target on Silver X Mining and gave the company a “buy” rating in a research note on Thursday. Maxim Group raised Silver X Mining to a “strong-buy” rating in a report on Tuesday, July 21st. Fundamental Research set a C$1.65 target price on Silver X Mining and gave the company a “buy” rating in a research report on Tuesday, August 18th. Finally, Ventum Financial set a C$1.60 target price on Silver X Mining and gave the company a “buy” rating in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of C$1.62.

About Silver X Mining

Silver X Mining Corp. engages in the exploration, acquisition, and development of mineral properties in the Americas. The company explores for silver, gold, lead, and zinc. It primarily holds interest in the Nueva Recuperada project located in Huancavelica, Peru. It also holds interest in the Coriorcco gold project located in Peru. The company was formerly known as Oro X Mining Corp. and changed its name to Silver X Mining Corp. in June 2021. Silver X Mining Corp. was incorporated in 2009 and is based in Vancouver, Canada.