Silver X Mining (CVE:AGX) Shares Down 6.6% – What’s Next?

Silver X Mining Corp. (CVE:AGX) was down 6.6% during trading on Thursday . The company traded as low as C$0.68 and last traded at C$0.71. Approximately 1,203,551 shares changed hands during trading, a decline of 41% from the average daily volume of 2,054,645 shares. The stock had previously closed at C$0.76.

Wall Street Analyst Weigh In

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

Silver X Mining Price Performance

The firm has a market capitalization of C$194.63 million, a PE ratio of -48.57 and a beta of 1.97. The company has a debt-to-equity ratio of 8.11, a quick ratio of 1.12 and a current ratio of 0.96. The stock has a fifty day moving average price of C$0.99 and a 200-day moving average price of C$0.80.

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.