Silver X Mining ( (TSE:AGX) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Silver X Mining’s stock has experienced a downturn primarily due to concerns over its ongoing financial losses, despite the company’s promising new Preliminary Economic Assessment for the Nueva Recuperada project. This assessment suggests potential growth as a mid-tier silver producer, which has garnered strong investor support and led to changes in price targets. However, the stock’s valuation continues to be a concern amidst negative profitability and cash flow issues, even as technical indicators hint at positive momentum.
More about Silver X Mining
YTD Price Performance: 225.00%
Average Trading Volume: 1,625,990
Technical Sentiment Signal: Buy
Current Market Cap: C$147.5M
For further insights into AGX stock on TipRanks’ Stock Analysis page.
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