Silver X Mining (CVE:AGX) Director Sells C$59,800.00 in Stock

Silver X Mining Corp. (CVE:AGX) Director Jose Maria Garcia Jimenez sold 65,000 shares of the business’s stock in a transaction on Friday, September 4th. The stock was sold at an average price of C$0.92, for a total value of C$59,800.00. Following the sale, the director directly owned 17,163,401 shares in the company, valued at C$15,790,328.92. 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 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 value of C$51,150.00.

Silver X Mining Trading Down 4.3%

Shares of AGX opened at C$0.90 on Friday. The business’s 50-day moving average price is C$0.79 and its 200 day moving average price is C$0.79. The stock has a market capitalization of C$260.79 million, a P/E ratio of 90.00 and a beta of 2.94. Silver X Mining Corp. has a 1-year low of C$0.41 and a 1-year 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.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on AGX. Fundamental Research set a C$1.65 price target on shares of Silver X Mining and gave the company a “buy” rating in a report on Tuesday, August 18th. Maxim Group raised shares of Silver X Mining to a “strong-buy” rating in a research note on Tuesday, July 21st. One research 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, the company currently has an average rating of “Strong Buy” and a consensus price target 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.