Silver X Mining (CVE:AGX) Shares Up 9.1% – Should You Buy?

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

Analyst Ratings Changes

Separately, Fundamental Research set a C$0.98 target price on shares of Silver X Mining and gave the stock a “buy” rating in a report on Tuesday, March 4th.

Silver X Mining Price Performance

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 company has a fifty day moving average of C$0.19 and a 200 day moving average of C$0.22. The firm has a market capitalization of C$25.14 million, a P/E ratio of -2.24 and a beta of 0.57.

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.