Silver X Mining (CVE:AGX) Stock Price Up 9.1% – Still a Buy?

Silver X Mining Corp. (CVE:AGX)’s stock price shot up 9.1% during trading on Wednesday . The company traded as high as C$0.18 and last traded at C$0.18. 96,500 shares traded hands during trading, a decline of 72% from the average session volume of 350,892 shares. The stock had previously closed at C$0.17.

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$0.98 price objective on shares of Silver X Mining and gave the stock a “buy” rating in a report on Tuesday, March 4th.

Silver X Mining Stock Down 2.6 %

The stock has a market capitalization of C$26.54 million, a P/E ratio of -2.37 and a beta of 0.57. The firm’s fifty day moving average is C$0.19 and its 200-day moving average is C$0.22. The company has a current ratio of 0.35, a quick ratio of 1.12 and a debt-to-equity ratio of 9.00.

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.