Silver X Mining (CVE:AGX) Reaches New 52-Week High – Here’s Why

Silver X Mining Corp. (CVE:AGX) shares hit a new 52-week high during trading on Monday . The company traded as high as C$1.20 and last traded at C$1.17, with a volume of 798301 shares trading hands. The stock had previously closed at C$1.09.

Wall Street Analyst Weigh In

Separately, Fundamental Research set a C$1.34 price objective on Silver X Mining and gave the stock a “buy” rating in a report on Tuesday, December 16th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of C$1.34.

Silver X Mining Stock Up 0.9%

The company has a quick ratio of 1.12, a current ratio of 0.35 and a debt-to-equity ratio of 9.00. The firm has a market capitalization of C$320.73 million, a price-to-earnings ratio of -48.57 and a beta of 2.05. The stock has a 50 day moving average of C$0.81 and a 200 day moving average of C$0.56.

Silver X Mining Company Profile

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.