Ximen Mining (CVE:XIM) Trading Down 20% – Here’s What Happened

Ximen Mining Corp. (CVE:XIMGet Free Report)’s share price dropped 20% during mid-day trading on Tuesday . The company traded as low as C$0.06 and last traded at C$0.06. Approximately 333,387 shares changed hands during trading, an increase of 258% from the average daily volume of 93,094 shares. The stock had previously closed at C$0.08.

Ximen Mining Price Performance

The stock’s 50-day moving average price is C$0.09 and its 200 day moving average price is C$0.11. The company has a quick ratio of 0.25, a current ratio of 0.11 and a debt-to-equity ratio of 6.24. The firm has a market capitalization of C$2.25 million, a price-to-earnings ratio of -0.40 and a beta of 0.52.

Ximen Mining Company Profile

(Get Free Report)

Ximen Mining Corp. engages in the acquisition, exploration, and evaluation of mineral properties in Canada. It primarily explores for gold, silver, lead, zinc, and molybdenum deposits. The company owns a 100% interest in its precious metal projects, including the Amelia Gold Mine, Kenville Gold Mine, and the Brett Epithermal Gold Project located in southern British Columbia.

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