Silver X Mining (CVE:AGX) Hits New 52-Week High - Should You Buy?

Key Points

• Silver X Mining Corp. (CVE:AGX) reached a new 52-week high, trading at C$0.68 before settling at C$0.65 with a significant volume of 1,436,672 shares.
• Fundamental Research has given Silver X Mining a "buy" rating with a price target of C$0.95, contributing to an overall average rating of "Buy" among analysts.
• The company has a market capitalization of C$175.29 million and a high debt-to-equity ratio of 9.00, indicating financial leverage concerns despite its positive stock performance.

Silver X Mining Corp. (CVE:AGX - Get Free Report) hit a new 52-week high on Wednesday . The company traded as high as C$0.68 and last traded at C$0.65, with a volume of 1436672 shares. The stock had previously closed at C$0.62.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$0.95 price objective on Silver X Mining and gave the stock a "buy" rating in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Silver X Mining presently has an average rating of "Buy" and a consensus price target of C$0.95.

Silver X Mining Stock Performance

The company has a current ratio of 0.35, a quick ratio of 1.12 and a debt-to-equity ratio of 9.00. The company has a market cap of C$175.29 million, a P/E ratio of -47.14 and a beta of 2.26. The company has a 50 day moving average price of C$0.44 and a 200-day moving average price of C$0.30.

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.

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