Silver X Mining (CVE:AGX) Reaches New 1-Year High – Time to Buy?

Silver X Mining Corp. (CVE:AGX) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$0.76 and last traded at C$0.73, with a volume of 2150142 shares. The stock had previously closed at C$0.66.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$0.95 price target on Silver X Mining and gave the company a “buy” rating in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$0.95.

Silver X Mining Trading Up 10.6%

The company has a debt-to-equity ratio of 9.00, a quick ratio of 1.12 and a current ratio of 0.35. The firm has a market capitalization of C$200.11 million, a PE ratio of -48.57 and a beta of 1.91. The stock’s 50-day simple moving average is C$0.54 and its 200-day simple moving average is C$0.40.

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.