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Silver X Mining ( (TSE:AGX) ) just unveiled an announcement.
Silver X Mining Corp. has announced an increase in its previously announced ‘bought deal’ private placement from C$10 million to C$13 million due to strong investor demand. The proceeds from this offering will be used for capital and exploration expenditures in the Nueva Recuperada Silver District in Peru, as well as for working capital and general corporate purposes. This move is expected to enhance the company’s operations and strengthen its position in the silver mining industry.
The most recent analyst rating on (TSE:AGX) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on Silver X Mining stock, see the TSE:AGX Stock Forecast page.
Spark’s Take on TSE:AGX Stock
According to Spark, TipRanks’ AI Analyst, TSE:AGX is a Neutral.
The stock’s overall score is primarily impacted by its financial performance challenges, including negative profitability and cash flow issues. While technical indicators show positive momentum, the valuation remains unattractive due to ongoing losses.
To see Spark’s full report on TSE:AGX stock, click here.
More about Silver X Mining
Silver X is a rapidly expanding silver producer and developer, owning the 20,472-hectare Nueva Recuperada Silver Project in Central Peru. The company produces silver, gold, lead, and zinc from its Tangana Mining Unit, aiming to deliver outstanding value to stakeholders by consolidating and developing undervalued assets, adding resources, and increasing production while supporting local communities and stewarding the environment.
Average Trading Volume: 785,316
Technical Sentiment Signal: Buy
Current Market Cap: C$109M
See more data about AGX stock on TipRanks’ Stock Analysis page.