Silver X Mining (CVE:AGX) Sets New 1-Year High - Still a Buy?

Key Points

• Silver X Mining Corp. reached a new 52-week high of C$0.62, closing at C$0.57 with significant trading volume of over 5.8 million shares.
• Fundamental Research has set a C$0.95 price target for Silver X, maintaining a "buy" rating based on a consensus of analyst evaluations.
• The company holds mining interests in silver, gold, lead, and zinc, primarily focusing on projects located in Peru.

Silver X Mining Corp. (CVE:AGX - Get Free Report)'s stock price reached a new 52-week high on Thursday . The stock traded as high as C$0.62 and last traded at C$0.57, with a volume of 5834932 shares changing hands. The stock had previously closed at C$0.57.

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$0.95 price target on Silver X Mining and gave the company a "buy" rating in a research note on Wednesday. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of C$0.95.

Silver X Mining Trading Down 3.5%

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 business has a 50 day moving average of C$0.42 and a 200-day moving average of C$0.29. The firm has a market capitalization of C$146.08 million, a P/E ratio of -39.29 and a beta of 2.26.

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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