Insider Selling: Silver X Mining (CVE:AGX) Director Sells 65,000 Shares

Key Points

• Silver X Mining director Jose Maria Garcia Jimenez sold 65,000 shares at an average price of C$0.91, generating C$59,150. After the sale, he retained 17.06 million shares valued at approximately C$15.5 million.
• The director has made several recent sales, totaling 222,500 shares across transactions in September, indicating continued insider selling.
• AGX shares traded at C$0.87, while analysts maintained a positive outlook: the stock has a consensus “Buy” rating and an average price target of C$1.62.

Silver X Mining Corp. (CVE:AGX - Get Free Report) Director Jose Maria Garcia Jimenez sold 65,000 shares of the company's stock in a transaction that occurred on Friday, September 18th. The stock was sold at an average price of C$0.91, for a total value of C$59,150.00. Following the completion of the sale, the director owned 17,060,901 shares in the company, valued at approximately C$15,525,419.91. This represents a 0.38% decrease in their position.

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

• On Thursday, September 10th, Jose Maria Garcia Jimenez sold 27,500 shares of Silver X Mining stock. The stock was sold at an average price of C$0.90, for a total transaction of C$24,750.00.
• On Friday, September 11th, Jose Maria Garcia Jimenez sold 10,000 shares of Silver X Mining stock. The shares were sold at an average price of C$0.92, for a total transaction of C$9,200.00.
• On Thursday, September 3rd, Jose Maria Garcia Jimenez sold 55,000 shares of Silver X Mining stock. The shares were sold at an average price of C$0.93, for a total transaction of C$51,150.00.
• On Friday, September 4th, Jose Maria Garcia Jimenez sold 65,000 shares of Silver X Mining stock. The stock was sold at an average price of C$0.92, for a total transaction of C$59,800.00.

Silver X Mining Stock Performance

AGX stock traded down C$0.03 during midday trading on Monday, hitting C$0.87. 220,328 shares of the stock traded hands, compared to its average volume of 1,169,100. The firm has a market cap of C$252.10 million, a P/E ratio of 87.00 and a beta of 2.94. The company has a debt-to-equity ratio of 94.11, a current ratio of 1.97 and a quick ratio of 1.12. The stock's fifty day simple moving average is C$0.82 and its 200-day simple moving average is C$0.78. Silver X Mining Corp. has a 1-year low of C$0.41 and a 1-year high of C$1.61.

Analysts Set New Price Targets

AGX has been the topic of a number of analyst reports. Maxim Group upgraded Silver X Mining to a "strong-buy" rating in a research report on Tuesday, July 21st. Ventum Financial set a C$1.60 price target on Silver X Mining and gave the stock a "buy" rating in a report on Wednesday, September 16th. Ventum Capital set a C$1.60 price target on Silver X Mining and gave the stock a "buy" rating in a research report on Thursday. Finally, Fundamental Research set a C$1.65 price objective on Silver X Mining and gave the company a "buy" rating in a report on Tuesday, August 18th. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of C$1.62.

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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