Silver X Mining (CVE:AGX) Trading Down 10.7% - Here's Why

Key Points

• Silver X Mining Corp. shares fell by 10.7% during trading on Friday, closing at C$0.50, after dropping from a previous close of C$0.56.
• Trading volume surged to approximately 4.69 million shares, indicating a 609% increase over the average daily volume of 661,474 shares.
• The company's financial ratios show a debt-to-equity ratio of 9.00 and a PE ratio of -35.71, signaling potential financial instability.

Silver X Mining Corp. (CVE:AGX - ) shares dropped 10.7% during trading on Friday . The company traded as low as C$0.50 and last traded at C$0.50. Approximately 4,692,234 shares were traded during trading, an increase of 609% from the average daily volume of 661,474 shares. The stock had previously closed at C$0.56.

Silver X Mining Trading Down 10.7%

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 firm has a 50 day moving average price of C$0.39 and a 200 day moving average price of C$0.26. The stock has a market capitalization of C$111.30 million, a PE ratio of -35.71 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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