Silver X Mining (CVE:AGX) Shares Up 2.3% – Here’s Why

Silver X Mining Corp. (CVE:AGX)’s stock price shot up 2.3% during trading on Thursday . The stock traded as high as C$0.24 and last traded at C$0.23. 206,945 shares changed hands during trading, a decline of 49% from the average session volume of 404,133 shares. The stock had previously closed at C$0.22.

Silver X Mining Stock Performance

The firm’s fifty day moving average price is C$0.25 and its 200-day moving average price is C$0.25. The company has a market cap of C$45.08 million, a P/E ratio of -2.05 and a beta of 0.57. The company has a current ratio of 0.48, a quick ratio of 1.12 and a debt-to-equity ratio of 5.87.

Silver X Mining (CVE:AGX) last posted its quarterly earnings results on Thursday, August 29th. The company reported C($0.01) EPS for the quarter. Silver X Mining had a negative net margin of 67.13% and a negative return on equity of 38.93%. The firm had revenue of C$8.54 million during the quarter. As a group, research analysts forecast that Silver X Mining Corp. will post 0.0459662 EPS for the current fiscal year.

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.