Silver X Mining (CVE:AGX) Hits New 12-Month High – What’s Next?

Silver X Mining Corp. (CVE:AGX) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$1.61 and last traded at C$1.52, with a volume of 4924325 shares trading hands. The stock had previously closed at C$1.35.

Analyst Ratings Changes

Separately, Fundamental Research set a C$1.34 price objective on shares of Silver X Mining and gave the company a “buy” rating in a research note on Tuesday, December 16th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of C$1.34.

Silver X Mining Price Performance

The business’s 50-day moving average price is C$0.86 and its 200 day moving average price is C$0.59. The company has a market capitalization of C$383.78 million, a P/E ratio of -48.57 and a beta of 2.05. The company has a quick ratio of 1.12, a current ratio of 0.35 and a debt-to-equity ratio of 9.00.

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. 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.