Silver X Mining (CVE:AGX) Stock Price Down 5.8% – What’s Next?

Silver X Mining Corp. (CVE:AGX) fell 5.8% during trading on Thursday . The company traded as low as C$0.63 and last traded at C$0.65. 325,651 shares changed hands during trading, a decline of 75% from the average session volume of 1,325,003 shares. The stock had previously closed at C$0.69.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on AGX shares. Maxim Group upgraded shares of Silver X Mining to a “strong-buy” rating in a research report on Tuesday. Fundamental Research set a C$1.49 price objective on shares of Silver X Mining and gave the company a “buy” rating in a research report on Friday, July 3rd. One analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to MarketBeat.com, Silver X Mining has a consensus rating of “Strong Buy” and an average price target of C$1.49.

Silver X Mining Stock Down 7.2%

The company has a quick ratio of 1.12, a current ratio of 2.17 and a debt-to-equity ratio of 99.33. The company has a 50 day simple moving average of C$0.69 and a two-hundred day simple moving average of C$0.86. The company has a market capitalization of C$183.12 million, a P/E ratio of -64.00 and a beta of 2.76.

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.