Silver X Mining (CVE:AGX) Shares Up 14.6% – Should You Buy?

Silver X Mining Corp. (CVE:AGX) shares traded up 14.6% during mid-day trading on Friday . The company traded as high as C$0.91 and last traded at C$0.91. 713,465 shares changed hands during mid-day trading, a decline of 63% from the average session volume of 1,904,377 shares. The stock had previously closed at C$0.79.

Silver X Mining Stock Performance

The stock has a 50-day simple moving average of C$0.89 and a 200-day simple moving average of C$0.81. The company has a market capitalization of C$233.01 million, a price-to-earnings ratio of -48.57 and a beta of 2.68. The company has a current ratio of 0.96, a quick ratio of 1.12 and a debt-to-equity ratio of 8.11.

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.