Silver X Mining (CVE:AGX) Shares Down 2.4% - Should You Sell?

Key Points

• Silver X Mining Corp. (CVE:AGX) shares fell by 2.4%, trading as low as C$0.49, with a significant increase in trading volume of 615% compared to the average.
• The company has a market capitalization of C$109.74 million and operates with a high debt-to-equity ratio of 9.00, indicating potential financial risk.
• Silver X Mining focuses on exploring for silver, gold, lead, and zinc, primarily holding interests in projects located in Peru.

Silver X Mining Corp. (CVE:AGX - ) shares dropped 2.4% on Monday . The stock traded as low as C$0.49 and last traded at C$0.49. Approximately 4,999,763 shares traded hands during trading, an increase of 615% from the average daily volume of 699,421 shares. The stock had previously closed at C$0.51.

Silver X Mining Price Performance

The firm has a 50-day simple moving average of C$0.39 and a two-hundred day simple moving average of C$0.27. The company has a market capitalization of C$109.74 million, a price-to-earnings ratio of -35.21 and a beta of 1.64. The company has a current ratio of 0.35, a quick ratio of 1.12 and a debt-to-equity ratio of 9.00.

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.

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