Silver X Mining (CVE:AGX) Shares Down 13.6% – Here’s What Happened

Silver X Mining Corp. (CVE:AGX)’s share price traded down 13.6% on Thursday . The stock traded as low as C$0.28 and last traded at C$0.29. 287,396 shares traded hands during mid-day trading, a decline of 29% from the average session volume of 402,378 shares. The stock had previously closed at C$0.33.

Silver X Mining Stock Down 15.2 %

The company has a market capitalization of C$56.10 million, a PE ratio of -2.56 and a beta of 0.57. The company has a quick ratio of 1.12, a current ratio of 0.48 and a debt-to-equity ratio of 5.87. The firm has a 50-day moving average of C$0.24 and a two-hundred day moving average of C$0.25.

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