Silver X Mining (CVE:AGX) Sets New 1-Year High – Time to Buy?

Silver X Mining Corp. (CVE:AGX) reached a new 52-week high on Tuesday . The company traded as high as C$0.99 and last traded at C$0.97, with a volume of 2181343 shares traded. The stock had previously closed at C$0.94.

Analysts Set New Price Targets

Separately, Fundamental Research set a C$1.34 target price on Silver X Mining and gave the stock a “buy” rating in a research note on Tuesday, December 16th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of C$1.34.

Silver X Mining Stock Up 4.3%

The stock has a market capitalization of C$268.64 million, a price-to-earnings ratio of -48.57 and a beta of 1.91. The company has a debt-to-equity ratio of 9.00, a current ratio of 0.35 and a quick ratio of 1.12. The business has a fifty day moving average of C$0.60 and a 200 day moving average of C$0.45.

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.