Silver X Mining (CVE:AGX) Reaches New 12-Month High – Should You Buy?

Shares of Silver X Mining Corp. (CVE:AGX) hit a new 52-week high on Monday . The company traded as high as C$1.20 and last traded at C$1.17, with a volume of 798301 shares trading hands. The stock had previously closed at C$1.09.

Wall Street Analyst Weigh In

Separately, Fundamental Research set a C$1.34 price objective on Silver X Mining and gave the company a “buy” rating in a research note on Tuesday, December 16th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, Silver X Mining presently has a consensus rating of “Buy” and a consensus target price of C$1.34.

Silver X Mining Stock Up 7.3%

The firm’s 50-day moving average price is C$0.79 and its two-hundred day moving average price is C$0.55. The company has a debt-to-equity ratio of 9.00, a quick ratio of 1.12 and a current ratio of 0.35. The firm has a market cap of C$320.73 million, a PE ratio of -48.57 and a beta of 2.05.

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. 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.