Silver X Mining (CVE:AGX) Director Jose Maria Garcia Jimenez Sells 27,500 Shares

Silver X Mining Corp. (CVE:AGX) Director Jose Maria Garcia Jimenez sold 27,500 shares of the company’s stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of C$0.90, for a total value of C$24,750.00. Following the transaction, the director directly owned 17,135,901 shares in the company, valued at C$15,422,310.90. This represents a 0.16% decrease in their ownership of the stock.

Jose Maria Garcia Jimenez also recently made the following trade(s):

• On Friday, September 11th, Jose Maria Garcia Jimenez sold 10,000 shares of Silver X Mining stock. The shares were sold at an average price of C$0.92, for a total transaction of C$9,200.00.
• On Thursday, September 3rd, Jose Maria Garcia Jimenez sold 55,000 shares of Silver X Mining stock. The shares were sold at an average price of C$0.93, for a total transaction of C$51,150.00.
• On Friday, September 4th, Jose Maria Garcia Jimenez sold 65,000 shares of Silver X Mining stock. The stock was sold at an average price of C$0.92, for a total transaction of C$59,800.00.

Silver X Mining Stock Down 4.8%

CVE:AGX opened at C$0.80 on Wednesday. The company has a market cap of C$231.81 million, a PE ratio of 80.00 and a beta of 2.94. Silver X Mining Corp. has a twelve month low of C$0.41 and a twelve month high of C$1.61. The company has a current ratio of 1.97, a quick ratio of 1.12 and a debt-to-equity ratio of 94.11. The company’s 50 day moving average is C$0.80 and its two-hundred day moving average is C$0.78.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Fundamental Research set a C$1.65 price objective on shares of Silver X Mining and gave the company a “buy” rating in a report on Tuesday, August 18th. Maxim Group upgraded Silver X Mining to a “strong-buy” rating in a research note 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 data from MarketBeat.com, the company has an average rating of “Strong Buy” and a consensus target price of C$1.65.

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.