Silver X Mining (CVE:AGX) Stock Price Down 7.7% – Here’s What Happened

Shares of Silver X Mining Corp. (CVE:AGX) fell 7.7% during trading on Thursday . The stock traded as low as C$0.18 and last traded at C$0.18. 488,660 shares were traded during trading, an increase of 36% from the average session volume of 359,808 shares. The stock had previously closed at C$0.20.

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$0.98 target price 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 1.1 %

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 market capitalization of C$26.26 million, a price-to-earnings ratio of -2.34 and a beta of 0.57. The stock’s fifty day moving average price is C$0.19 and its 200-day moving average price is C$0.22.

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.