Silver X Mining (CVE:AGX) Trading 12% Higher – Here’s Why

Silver X Mining Corp. (CVE:AGX)’s stock price shot up 12% during trading on Monday . The company traded as high as C$0.18 and last traded at C$0.17. 1,048,873 shares traded hands during trading, an increase of 127% from the average session volume of 462,706 shares. The stock had previously closed at C$0.15.

Analyst Upgrades and Downgrades

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

Silver X Mining Price Performance

The company has a market capitalization of C$25.84 million, a PE ratio of -2.31 and a beta of 0.57. The company has a debt-to-equity ratio of 9.00, a current ratio of 0.35 and a quick ratio of 1.12. The stock’s 50 day simple moving average is C$0.17 and its 200-day simple moving average is C$0.21.

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.