Silver X Mining (CVE:AGX) Sets New 1-Year High – Should You Buy?

Silver X Mining Corp. (CVE:AGX) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$0.71 and last traded at C$0.69, with a volume of 2412088 shares. The stock had previously closed at C$0.66.

Analyst Ratings Changes

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

Silver X Mining Price Performance

The company has a current ratio of 0.35, a quick ratio of 1.12 and a debt-to-equity ratio of 9.00. The stock has a market cap of C$189.15 million, a PE ratio of -49.29 and a beta of 2.18. The company’s 50 day moving average is C$0.52 and its 200-day moving average is C$0.38.

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.