Silver X Mining (CVE:AGX) Trading Up 15.4% - Should You Buy?

Key Points

• Silver X Mining (CVE:AGX) jumped 15.4% to C$0.83 mid-day, with 499,006 shares traded (a 71% decline from its average volume) after closing previously at C$0.72.
• The company has a market cap of C$212.48M, high leverage (debt-to-equity 7.98), a negative P/E (-40), and elevated volatility (beta 2.71); its 50- and 200-day moving averages are both C$0.84.
• Silver X is a Vancouver-based explorer/developer of silver, gold, lead and zinc projects in the Americas, notably the Nueva Recuperada and Coriorcco projects in Peru.

Silver X Mining Corp. (CVE:AGX - ) shot up 15.4% during mid-day trading on Wednesday . The stock traded as high as C$0.83 and last traded at C$0.83. 499,006 shares traded hands during trading, a decline of 71% from the average session volume of 1,736,771 shares. The stock had previously closed at C$0.72.

Silver X Mining Trading Up 11.9%

The company has a current ratio of 0.80, a quick ratio of 1.12 and a debt-to-equity ratio of 7.98. The company's fifty day moving average is C$0.84 and its 200-day moving average is C$0.84. The firm has a market capitalization of C$212.48 million, a P/E ratio of -40.00 and a beta of 2.71.

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. The company was formerly known as Oro X Mining Corp. and changed its name to Silver X Mining Corp. in June 2021. Silver X Mining Corp. was incorporated in 2009 and is based in Vancouver, Canada.

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