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An announcement from Silver X Mining ( (TSE:AGX) ) is now available.
Silver X Mining Corp. has successfully closed its private placements, raising a total of C$21.5 million. This significant capital injection will enable the company to advance its growth plans, focusing on exploration, resource conversion, and production scale in the Nueva Recuperada Silver District in Peru. The financing marks a pivotal moment for Silver X, positioning it for transformative growth and sustainable value creation.
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 Mining Corp. operates in the mining industry, focusing on silver production and exploration. The company is primarily engaged in developing district-scale silver projects in Peru, aiming to become a leading silver producer in South America.
Average Trading Volume: 1,087,706
Technical Sentiment Signal: Buy
Current Market Cap: C$114.6M
For a thorough assessment of AGX stock, go to TipRanks’ Stock Analysis page.