Silver X Mining Corp. (CVE:AGX) Stock Catapults 36% Though Its Price And Business Still Lag The Industry
Despite an already strong run, Silver X Mining Corp. (CVE:AGX) shares have been powering on, with a gain of 36% in the last thirty days. The last month tops off a massive increase of 108% in the last year.
In spite of the firm bounce in price, Silver X Mining may still be sending bullish signals at the moment with its price-to-sales (or “P/S”) ratio of 2.8x, since almost half of all companies in the Metals and Mining industry in Canada have P/S ratios greater than 4.4x and even P/S higher than 29x are not unusual. However, the P/S might be low for a reason and it requires further investigation to determine if it’s justified.
