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

Key Points

• Director Jose Maria Garcia Jimenez sold 55,000 Silver X Mining shares at an average of C$0.93, totaling C$51,150; he retained 17.23 million shares after the transaction. He also sold an additional 65,000 shares the following day at C$0.92.
• Silver X Mining shares fell 2.1% to C$0.92, while the company had a market capitalization of approximately C$263.9 million and traded below its analyst consensus target.
• Analyst sentiment remains positive: the stock carries a consensus “Strong Buy” rating and a C$1.65 average price target, substantially above its reported trading price.

Silver X Mining Corp. (CVE:AGX - Get Free Report) Director Jose Maria Garcia Jimenez sold 55,000 shares of the firm's stock in a transaction that occurred 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 directly owned 17,228,401 shares in the company, valued at C$16,022,412.93. This represents a 0.32% decrease in their ownership of the stock.

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 Trading Down 2.1%

Shares of AGX stock traded down C$0.02 on Tuesday, reaching C$0.92. 357,107 shares of the stock were exchanged, compared to its average volume of 1,207,250. The stock has a market cap of C$263.89 million, a P/E ratio of 92.00 and a beta of 2.94. The company has a quick ratio of 1.12, a current ratio of 1.97 and a debt-to-equity ratio of 94.11. The firm has a 50 day moving average of C$0.78 and a two-hundred day moving average of C$0.79. 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

A number of research analysts have 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 price target on Silver X Mining and gave the stock a "buy" rating in a research report on Tuesday, August 18th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to MarketBeat.com, the stock presently 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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