Silver X Mining (CVE:AGX) Hits New 1-Year High – Should You Buy?

Silver X Mining Corp. (CVE:AGX) shares reached a new 52-week high during trading on Monday . The stock traded as high as C$1.06 and last traded at C$0.97, with a volume of 4764675 shares traded. The stock had previously closed at C$0.99.

Wall Street Analysts Forecast Growth

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

Silver X Mining Stock Performance

The firm has a market cap of C$275.50 million, a price-to-earnings ratio of -48.57 and a beta of 1.91. The company has a debt-to-equity ratio of 9.00, a current ratio of 0.35 and a quick ratio of 1.12. The firm has a fifty day simple moving average of C$0.63 and a two-hundred day simple moving average of C$0.47.

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.