Insider Selling: Silver X Mining (CVE:AGX) Director Sells 27,500 Shares of Stock

Key Points

• Director Jose Maria Garcia Jimenez sold 27,500 Silver X Mining shares at an average price of C$0.90, generating C$24,750. The sale reduced his stake by 0.16%, leaving him with 17.14 million shares valued at approximately C$15.42 million.
• Jimenez also sold 130,000 shares in three other recent transactions at prices between C$0.92 and C$0.93, indicating additional insider selling activity.
• Silver X Mining shares fell 3.0% to C$0.81, while analysts maintained a bullish outlook: the stock has a consensus “Strong Buy” rating and a C$1.65 price target.

Silver X Mining Corp. (CVE:AGX - Get Free Report) Director Jose Maria Garcia Jimenez sold 27,500 shares of the stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of C$0.90, for a total value of C$24,750.00. Following the completion of the transaction, the director directly owned 17,135,901 shares in the company, valued at C$15,422,310.90. The trade was a 0.16% decrease in their position.

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

• On Friday, September 11th, Jose Maria Garcia Jimenez sold 10,000 shares of Silver X Mining stock. The stock was sold at an average price of C$0.92, for a total value of C$9,200.00.
• On Thursday, September 3rd, Jose Maria Garcia Jimenez sold 55,000 shares of Silver X Mining stock. The stock was sold at an average price of C$0.93, for a total value of C$51,150.00.
• 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 value of C$59,800.00.

Silver X Mining Trading Down 3.0%

Shares of CVE:AGX traded down C$0.03 during mid-day trading on Tuesday, reaching C$0.81. The stock had a trading volume of 292,516 shares, compared to its average volume of 1,184,734. The firm has a 50 day simple moving average of C$0.80 and a two-hundred day simple moving average of C$0.79. Silver X Mining Corp. has a twelve month low of C$0.41 and a twelve month high of C$1.61. The firm has a market cap of C$236.16 million, a PE ratio of 81.50 and a beta of 2.94. The company has a current ratio of 1.97, a quick ratio of 1.12 and a debt-to-equity ratio of 94.11.

Analysts Set New Price Targets

AGX has been the subject of several research analyst reports. Maxim Group raised shares of Silver X Mining to a "strong-buy" rating in a report on Tuesday, July 21st. Fundamental Research set a C$1.65 price objective on Silver X Mining and gave the stock a "buy" rating in a research note on Tuesday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to MarketBeat, Silver X Mining currently has a consensus rating of "Strong Buy" and a consensus target price 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.

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