Silver X Mining (CVE:AGX) Shares Down 7.7% – Here’s Why

Shares of Silver X Mining Corp. (CVE:AGX) were down 7.7% during trading on Thursday . The stock traded as low as C$0.18 and last traded at C$0.18. Approximately 488,660 shares were traded during mid-day trading, an increase of 36% from the average daily volume of 359,808 shares. The stock had previously closed at C$0.20.

Wall Street Analysts Forecast Growth

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

Silver X Mining Stock Up 2.6 %

The company has a market cap of C$27.94 million, a P/E ratio of -2.49 and a beta of 0.57. The firm’s 50 day moving average price is C$0.19 and its two-hundred day moving average price is C$0.22. The company has a debt-to-equity ratio of 9.00, a quick ratio of 1.12 and a current ratio of 0.35.

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.