Silver X Mining (CVE:AGX) Shares Down 1.1% – Should You Sell?

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

Wall Street Analyst Weigh In

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

Silver X Mining Price Performance

The business’s 50 day simple moving average is C$0.68 and its 200-day simple moving average is C$0.82. The stock has a market capitalization of C$251.79 million, a price-to-earnings ratio of 88.00 and a beta of 2.81. The company has a quick ratio of 1.12, a current ratio of 1.97 and a debt-to-equity ratio of 94.11.

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.