Silver X Mining (CVE:AGX) Director Jose Maria Garcia Jimenez Sells 65,000 Shares

Silver X Mining Corp. (CVE:AGX) Director Jose Maria Garcia Jimenez sold 65,000 shares of the business’s stock in a transaction that occurred on Friday, September 18th. The stock was sold at an average price of C$0.91, for a total value of C$59,150.00. Following the sale, the director owned 17,060,901 shares of the company’s stock, valued at approximately C$15,525,419.91. This trade represents a 0.38% decrease in their ownership of the stock.

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

• On Thursday, September 10th, Jose Maria Garcia Jimenez sold 27,500 shares of Silver X Mining stock. The shares were sold at an average price of C$0.90, for a total value of C$24,750.00.
• 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 value of C$9,200.00.
• On Thursday, September 3rd, Jose Maria Garcia Jimenez sold 55,000 shares of Silver X Mining stock. The stock was sold at an average price of C$0.93, for a total value 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 value of C$59,800.00.

Silver X Mining Price Performance

CVE AGX traded down C$0.03 during mid-day trading on Monday, hitting C$0.87. The stock had a trading volume of 220,328 shares, compared to its average volume of 1,169,100. The firm’s 50 day moving average is C$0.82 and its 200 day moving average is C$0.78. 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 debt-to-equity ratio of 94.11, a current ratio of 1.97 and a quick ratio of 1.12. The stock has a market capitalization of C$252.10 million, a price-to-earnings ratio of 87.00 and a beta of 2.94.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Maxim Group raised shares of Silver X Mining to a “strong-buy” rating in a research note on Tuesday, July 21st. Ventum Financial set a C$1.60 price objective on shares of Silver X Mining and gave the company a “buy” rating in a research note on Wednesday, September 16th. 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. Finally, Ventum Capital set a C$1.60 target price on shares of Silver X Mining and gave the stock a “buy” rating in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$1.62.

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.