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Silver X Mining ( (TSE:AGX) ) has shared an announcement.
Silver X Mining Corp. has announced a bought deal offering with Red Cloud Securities Inc. as the lead underwriter, aiming to raise C$10 million through the sale of 20 million units at C$0.50 per unit. The proceeds 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, potentially enhancing the company’s growth prospects and operational capacity.
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, focusing on delivering outstanding value to stakeholders by consolidating and developing undervalued assets, adding resources, and increasing production.
Average Trading Volume: 686,604
Technical Sentiment Signal: Buy
Current Market Cap: C$126.8M
For detailed information about AGX stock, go to TipRanks’ Stock Analysis page.