Silver X Mining (CVE:AGX) Trading Up 15.4% – Should You Buy?

Silver X Mining Corp. (CVE:AGX)’s stock price shot up 15.4% during trading on Wednesday . The stock traded as high as C$0.83 and last traded at C$0.83. 499,006 shares changed hands during trading, a decline of 71% from the average session volume of 1,736,771 shares. The stock had previously closed at C$0.72.

Silver X Mining Stock Up 11.9%

The company has a debt-to-equity ratio of 7.98, a quick ratio of 1.12 and a current ratio of 0.80. The company has a market capitalization of C$212.48 million, a price-to-earnings ratio of -40.00 and a beta of 2.71. The firm’s 50-day simple moving average is C$0.84 and its 200-day simple moving average is C$0.84.

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.