Silver X Mining (CVE:AGX) Reaches New 12-Month High - Should You Buy?

Key Points

• Silver X Mining Corp. (CVE:AGX) reached a new 52-week high of C$0.57 during mid-day trading, with a trading volume of over 1.7 million shares.
• The company has a significant debt-to-equity ratio of 9.00 and a market capitalization of C$117.98 million, indicating potential financial risks.
• Silver X Mining focuses on exploring mineral properties in the Americas, particularly silver, gold, lead, and zinc, with key projects located in Peru.

Silver X Mining Corp. (CVE:AGX - ) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$0.57 and last traded at C$0.56, with a volume of 1703721 shares. The stock had previously closed at C$0.57.

Silver X Mining Trading Down 7.0%

The company has a debt-to-equity ratio of 9.00, a quick ratio of 1.12 and a current ratio of 0.35. The firm has a market cap of C$117.98 million, a P/E ratio of -37.86 and a beta of 1.64. The stock has a fifty day simple moving average of C$0.34 and a 200 day simple moving average of C$0.24.

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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