Silver X Mining (CVE:AGX) Reaches New 1-Year High – Time to Buy?

Silver X Mining Corp. (CVE:AGX) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$0.76 and last traded at C$0.73, with a volume of 2150142 shares changing hands. The stock had previously closed at C$0.66.

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$0.95 target price on shares of Silver X Mining and gave the stock a “buy” rating in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of C$0.95.

Silver X Mining Stock Up 10.6%

The stock has a market cap of C$200.11 million, a P/E ratio of -48.57 and a beta of 1.91. 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 has a 50-day simple moving average of C$0.54 and a two-hundred day simple moving average of C$0.40.

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.