Silver X Mining (CVE:AGX) Stock Price Down 7% – Should You Sell?

Silver X Mining Corp. (CVE:AGX)’s share price dropped 7% during mid-day trading on Thursday . The stock traded as low as C$0.64 and last traded at C$0.66. 1,539,509 shares changed hands during trading, an increase of 3% from the average session volume of 1,493,649 shares. The stock had previously closed at C$0.71.

Silver X Mining Stock Performance

The stock has a market capitalization of C$182.77 million, a P/E ratio of -66.00 and a beta of 2.61. The stock’s 50-day simple moving average is C$0.76 and its 200 day simple moving average is C$0.89. The company has a debt-to-equity ratio of 99.33, a current ratio of 2.17 and a quick ratio of 1.12.

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.