Silver X Mining (CVE:AGX) Director Sells 65,000 Shares of Stock

Key Points

• Director Jose Maria Garcia Jimenez sold 65,000 Silver X Mining shares at an average price of C$0.92, generating proceeds of C$59,800. He retained 17.16 million shares valued at approximately C$15.79 million.
• Jimenez also sold 55,000 shares the previous day for C$51,150, while Silver X Mining stock traded at C$0.92—above its 50-day and 200-day moving averages but below its 52-week high of C$1.61.
• Analyst sentiment remains positive: the stock has an average “Strong Buy” rating and a consensus price target of C$1.65, compared with its current price of C$0.92.

Silver X Mining Corp. (CVE:AGX - Get Free Report) Director Jose Maria Garcia Jimenez sold 65,000 shares of the business's stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of C$0.92, for a total transaction of C$59,800.00. Following the completion of the transaction, the director owned 17,163,401 shares of the company's stock, valued at approximately C$15,790,328.92. The trade was a 0.38% decrease in their ownership of the stock.

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

• 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 value of C$51,150.00.

Silver X Mining Stock Performance

AGX traded down C$0.02 during midday trading on Tuesday, hitting C$0.92. 357,107 shares of the company traded hands, compared to its average volume of 1,207,250. The firm has a market capitalization of C$263.89 million, a PE ratio of 92.00 and a beta of 2.94. The company's 50-day moving average is C$0.78 and its 200 day moving average is C$0.79. Silver X Mining Corp. has a 52 week low of C$0.41 and a 52 week high of C$1.61. The company has a quick ratio of 1.12, a current ratio of 1.97 and a debt-to-equity ratio of 94.11.

Analysts Set New Price Targets

Several brokerages recently commented on AGX. Maxim Group raised Silver X Mining to a "strong-buy" rating in a report on Tuesday, July 21st. Fundamental Research set a C$1.65 target price on Silver X Mining and gave the company a "buy" rating in a report on Tuesday, August 18th. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to MarketBeat, Silver X Mining presently has an average rating of "Strong Buy" and an average target price of C$1.65.

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. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.