Jose Maria Garcia Jimenez Sells 55,000 Shares of Silver X Mining (CVE:AGX) Stock

Silver X Mining Corp. (CVE:AGX) Director Jose Maria Garcia Jimenez sold 55,000 shares of Silver X Mining stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of C$0.93, for a total transaction of C$51,150.00. Following the completion of the sale, the director owned 17,228,401 shares of the company’s stock, valued at approximately C$16,022,412.93. This trade represents a 0.32% decrease in their position.

Jose Maria Garcia Jimenez also recently made the following trade(s):

• 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 Stock Down 2.1%

CVE AGX traded down C$0.02 during trading hours on Tuesday, reaching C$0.92. 357,107 shares of the company traded hands, compared to its average volume of 1,207,250. Silver X Mining Corp. has a 12 month low of C$0.41 and a 12 month high of C$1.61. The company has a current ratio of 1.97, a quick ratio of 1.12 and a debt-to-equity ratio of 94.11. The stock has a market capitalization of C$263.89 million, a PE ratio of 92.00 and a beta of 2.94. The company has a 50 day moving average of C$0.78 and a two-hundred day moving average of C$0.79.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Maxim Group upgraded Silver X Mining to a “strong-buy” rating in a research note on Tuesday, July 21st. Fundamental Research set a C$1.65 target price on Silver X Mining and gave the stock a “buy” rating in a report on Tuesday, August 18th. One analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Strong Buy” and a consensus price target of C$1.65.

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.