Silver X Mining (CVE:AGX) Trading Down 2.5% – Here’s Why

Silver X Mining Corp. (CVE:AGX) dropped 2.5% during trading on Wednesday . The company traded as low as C$0.75 and last traded at C$0.77. Approximately 686,186 shares were traded during trading, a decline of 57% from the average daily volume of 1,610,760 shares. The stock had previously closed at C$0.79.

Silver X Mining Stock Performance

The company has a quick ratio of 1.12, a current ratio of 0.80 and a debt-to-equity ratio of 7.98. The stock has a market cap of C$215.13 million, a price-to-earnings ratio of -40.50 and a beta of 2.71. The company’s 50-day simple moving average is C$0.76 and its 200-day simple moving average is C$0.87.

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.