Silver X Mining (CVE:AGX) Stock Price Down 9.8% - Should You Sell?

Key Points

• Silver X Mining Corp. experienced a significant stock price drop of 9.8%, closing at C$0.51, with trading volume surging to over 2.8 million shares.
• The company's financial ratios indicate a high debt-to-equity ratio of 9.00 and a current ratio of 0.35, highlighting potential liquidity and financial risk concerns.
• Silver X Mining focuses on the exploration and development of mineral properties in the Americas, with key projects in Peru targeting silver, gold, lead, and zinc.

Silver X Mining Corp. (CVE:AGX - )'s stock price dropped 9.8% during trading on Friday . The stock traded as low as C$0.50 and last traded at C$0.51. Approximately 2,818,063 shares changed hands during mid-day trading, an increase of 338% from the average daily volume of 643,912 shares. The stock had previously closed at C$0.56.

Silver X Mining Stock Performance

The company has a quick ratio of 1.12, a current ratio of 0.35 and a debt-to-equity ratio of 9.00. The company's fifty day simple moving average is C$0.39 and its 200 day simple moving average is C$0.26. The stock has a market capitalization of C$112.41 million, a price-to-earnings ratio of -36.07 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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