Key Points
- Director Jose Maria Garcia Jimenez sold 65,000 Silver X Mining shares at an average price of C$0.91, generating proceeds of C$59,150 and reducing his ownership by 0.38% to 17.06 million shares.
- The sale followed several other disposals in September, totaling 157,500 shares across the reported transactions.
- Despite the insider selling, analysts maintain a positive outlook: Silver X Mining has a consensus “Buy” rating and a C$1.62 price target, compared with a market price of about C$0.87.
Silver X Mining Corp. (CVE:AGX - Get Free Report) Director Jose Maria Garcia Jimenez sold 65,000 shares of Silver X Mining stock in a transaction on Friday, September 18th. The stock was sold at an average price of C$0.91, for a total transaction of C$59,150.00. Following the sale, the director directly owned 17,060,901 shares of the company's stock, valued at approximately C$15,525,419.91. This trade represents a 0.38% decrease in their ownership of the stock.
Jose Maria Garcia Jimenez also recently made the following trade(s):
- On Thursday, September 10th, Jose Maria Garcia Jimenez sold 27,500 shares of Silver X Mining stock. The shares were sold at an average price of C$0.90, for a total value of C$24,750.00.
- On Friday, September 11th, Jose Maria Garcia Jimenez sold 10,000 shares of Silver X Mining stock. The shares were sold at an average price of C$0.92, for a total value of C$9,200.00.
- On Thursday, September 3rd, Jose Maria Garcia Jimenez sold 55,000 shares of Silver X Mining stock. The stock was sold at an average price of C$0.93, for a total value of C$51,150.00.
- On Friday, September 4th, Jose Maria Garcia Jimenez sold 65,000 shares of Silver X Mining stock. The stock was sold at an average price of C$0.92, for a total value of C$59,800.00.
Silver X Mining Stock Performance
Shares of Silver X Mining stock opened at C$0.87 on Tuesday. The firm has a market capitalization of C$252.10 million, a P/E ratio of 87.00 and a beta of 2.94. Silver X Mining Corp. has a 52 week low of C$0.41 and a 52 week high of C$1.61. The company has a quick ratio of 1.12, a current ratio of 1.97 and a debt-to-equity ratio of 94.11. The firm's 50 day moving average is C$0.82 and its two-hundred day moving average is C$0.77.
Wall Street Analysts Forecast Growth
Several equities analysts have issued reports on AGX shares. Fundamental Research set a C$1.65 price objective on Silver X Mining and gave the stock a "buy" rating in a report on Tuesday, August 18th. Ventum Financial set a C$1.60 target price on Silver X Mining and gave the company a "buy" rating in a research report on Wednesday, September 16th. Maxim Group upgraded Silver X Mining to a "strong-buy" rating in a research note on Tuesday, July 21st. Finally, Ventum Capital set a C$1.60 price target on Silver X Mining and gave the stock a "buy" rating in a research report on Thursday, September 17th. One research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of C$1.62.
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About Silver X Mining
(
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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. The company was formerly known as Oro X Mining Corp. and changed its name to Silver X Mining Corp. in June 2021. Silver X Mining Corp. was incorporated in 2009 and is based in Vancouver, Canada.
Further Reading
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