Silver X Mining (CVE:AGX) Stock Price Down 4.4% – Time to Sell?

Shares of Silver X Mining Corp. (CVE:AGX) fell 4.4% during mid-day trading on Tuesday . The company traded as low as C$0.33 and last traded at C$0.33. 348,938 shares changed hands during trading, a decline of 27% from the average session volume of 475,370 shares. The stock had previously closed at C$0.34.

Analysts Set New Price Targets

Separately, Fundamental Research set a C$0.80 price target on Silver X Mining and gave the company a “buy” rating in a report on Tuesday, April 29th.

Silver X Mining Stock Down 4.4%

The business has a 50-day simple moving average of C$0.23 and a two-hundred day simple moving average of C$0.19. The company has a market cap of C$45.40 million, a price-to-earnings ratio of -4.05 and a beta of 0.57. The company has a quick ratio of 1.12, a current ratio of 0.35 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.