Silver X Mining (CVE:AGX) Stock Price Down 1.1% – What’s Next?

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

Analysts Set New Price Targets

A number of analysts have issued reports on AGX shares. Fundamental Research set a C$1.49 target price on Silver X Mining and gave the stock a “buy” rating in a research report on Friday, July 3rd. Maxim Group raised Silver X Mining to a “strong-buy” rating in a report on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Strong Buy” and a consensus target price of C$1.49.

Silver X Mining Trading Down 1.1%

The stock has a 50-day simple moving average of C$0.68 and a two-hundred day simple moving average of C$0.82. The firm has a market cap of C$251.79 million, a PE ratio of 88.00 and a beta of 2.81. The company has a debt-to-equity ratio of 94.11, a quick ratio of 1.12 and a current ratio of 1.97.

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.