Insider Selling: Silver X Mining (CVE:AGX) Director Sells C$59,150.00 in Stock

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

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 shares were 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 shares were sold at an average price of C$0.92, for a total transaction of C$59,800.00.

Silver X Mining Trading Down 4.0%

Silver X Mining stock opened at C$0.95 on Thursday. Silver X Mining Corp. has a 52 week low of C$0.41 and a 52 week high of C$1.61. The stock has a market capitalization of C$275.28 million, a P/E ratio of 95.00 and a beta of 2.94. The stock has a 50-day simple moving average of C$0.84 and a 200 day simple moving average of C$0.77. The company has a debt-to-equity ratio of 94.11, a quick ratio of 1.12 and a current ratio of 1.97.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Ventum Financial boosted their price objective on Silver X Mining from C$1.60 to C$2.50 in a report on Wednesday. Ventum Capital set a C$1.60 price objective on shares of Silver X Mining and gave the stock a “buy” rating in a research report on Thursday, September 17th. Fundamental Research set a C$1.65 target price on Silver X Mining and gave the company a “buy” rating in a report on Tuesday, August 18th. Finally, Maxim Group upgraded 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 three have given a Buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$1.92.

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.