Silver X Mining (CVE:AGX) Shares Down 8.5% - Should You Sell?

Key Points

• Shares of Silver X Mining Corp. (CVE:AGX) fell by 8.5% during mid-day trading, with recent trading prices between C$0.48 and C$0.49.
• The company has a significant debt-to-equity ratio of 9.00 and a market capitalization of C$110.18 million, indicating potential financial concerns.
• Silver X Mining is focused on the exploration and development of mineral properties, primarily silver, gold, lead, and zinc in the Americas, with key projects located in Peru.

Shares of Silver X Mining Corp. (CVE:AGX - ) traded down 8.5% during mid-day trading on Friday . The company traded as low as C$0.48 and last traded at C$0.49. 1,225,732 shares changed hands during trading, an increase of 113% from the average session volume of 574,279 shares. The stock had previously closed at C$0.53.

Silver X Mining Price Performance

The company has a debt-to-equity ratio of 9.00, a current ratio of 0.35 and a quick ratio of 1.12. The stock's fifty day simple moving average is C$0.35 and its 200-day simple moving average is C$0.24. The company has a market capitalization of C$110.18 million, a P/E ratio of -35.36 and a beta of 1.64.

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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