Silver X Mining (CVE:AGX) Trading 23% Higher - Time to Buy?

Key Points

• Silver X Mining Corp. saw its stock price jump 23% on Wednesday, reaching a high of C$0.39 before closing at C$0.38 after trading approximately 3.6 million shares, a significant increase in volume.
• The company holds significant mineral property interests in Peru, including the Nueva Recuperada and Coriorcco gold projects, and has a market cap of C$83.43 million.
• Financial metrics include a high debt-to-equity ratio of 9.00, a current ratio of 0.35, and a P/E ratio of -37.50, indicating potential volatility and risk.

Silver X Mining Corp. (CVE:AGX - Get Free Report)'s stock price rose 23% during mid-day trading on Wednesday . The company traded as high as C$0.39 and last traded at C$0.38. Approximately 3,646,083 shares were traded during trading, an increase of 614% from the average daily volume of 510,306 shares. The stock had previously closed at C$0.31.

Silver X Mining Stock Up 12.5%

The stock has a 50 day moving average price of C$0.32 and a 200-day moving average price of C$0.23. The stock has a market capitalization of C$100.17 million, a P/E ratio of -45.00 and a beta of 1.64. The company has a debt-to-equity ratio of 9.00, a current ratio of 0.35 and a quick ratio of 1.12.

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.