Silver X Mining (CVE:AGX) Stock Price Down 5.8% – Time to Sell?

Shares of Silver X Mining Corp. (CVE:AGX) dropped 5.8% during trading on Thursday . The stock traded as low as C$0.63 and last traded at C$0.65. Approximately 325,651 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 1,325,003 shares. The stock had previously closed at C$0.69.

Analysts Set New Price Targets

AGX has been the subject of several analyst reports. Maxim Group upgraded shares of Silver X Mining to a “strong-buy” rating in a research note on Tuesday. Fundamental Research set a C$1.49 target price on shares of Silver X Mining and gave the stock a “buy” rating in a report on Friday, July 3rd. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Strong Buy” and a consensus target price of C$1.49.

Silver X Mining Stock Performance

The firm has a 50-day moving average of C$0.68 and a two-hundred day moving average of C$0.85. The firm has a market capitalization of C$183.12 million, a P/E ratio of -64.00 and a beta of 2.76. The company has a current ratio of 2.17, a quick ratio of 1.12 and a debt-to-equity ratio of 99.33.

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.