Silver X Mining (CVE:AGX) Trading Down 1.1% – Here’s Why

Shares of Silver X Mining Corp. (CVE:AGX) fell 1.1% during trading on Thursday . The company traded as low as C$0.86 and last traded at C$0.88. Approximately 535,050 shares changed hands during mid-day trading, a decline of 58% from the average session volume of 1,270,564 shares. The stock had previously closed at C$0.89.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Maxim Group raised shares of Silver X Mining to a “strong-buy” rating in a research report on Tuesday, July 21st. Fundamental Research set a C$1.49 target price on Silver X Mining and gave the stock a “buy” rating in a research report on Friday, July 3rd. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Strong Buy” and an average price target of C$1.49.

Silver X Mining Stock Performance

The company has a debt-to-equity ratio of 94.11, a quick ratio of 1.12 and a current ratio of 1.97. The company has a market capitalization of C$263.24 million, a PE ratio of 92.00 and a beta of 2.81. The company has a 50 day moving average price of C$0.69 and a 200 day moving average price of C$0.82.

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.