Silver X Mining (CVE:AGX) Shares Up 9.1% – Here’s What Happened

Silver X Mining Corp. (CVE:AGX)’s share price rose 9.1% on Wednesday . The stock traded as high as C$0.18 and last traded at C$0.18. Approximately 96,500 shares traded hands during mid-day trading, a decline of 72% from the average daily volume of 350,892 shares. The stock had previously closed at C$0.17.

Analysts Set New Price Targets

Separately, Fundamental Research set a C$0.98 price objective on Silver X Mining and gave the company a “buy” rating in a research note on Tuesday, March 4th.

Silver X Mining Price Performance

The company has a quick ratio of 1.12, a current ratio of 0.35 and a debt-to-equity ratio of 9.00. The company has a 50 day moving average of C$0.19 and a 200-day moving average of C$0.22. The stock has a market capitalization of C$25.14 million, a P/E ratio of -2.24 and a beta of 0.57.

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.