Silver X Mining (CVE:AGX) Trading 4.4% Higher – Time to Buy?

Shares of Silver X Mining Corp. (CVE:AGX) were up 4.4% on Wednesday . The company traded as high as C$1.01 and last traded at C$0.95. Approximately 1,656,203 shares traded hands during mid-day trading, a decline of 35% from the average daily volume of 2,550,372 shares. The stock had previously closed at C$0.91.

Analysts Set New Price Targets

Separately, Fundamental Research set a C$1.34 target price on Silver X Mining and gave the company a “buy” rating in a research note on Tuesday, December 16th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$1.34.

Silver X Mining Stock Up 4.4%

The firm’s 50-day simple moving average is C$1.06 and its 200 day simple moving average is C$0.69. The company has a debt-to-equity ratio of 9.00, a quick ratio of 1.12 and a current ratio of 0.35. The stock has a market capitalization of C$260.42 million, a P/E ratio of -48.57 and a beta of 2.34.

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.