Ximen Mining (CVE:XIM) Stock Price Down 20% – Here’s Why

Ximen Mining Corp. (CVE:XIMGet Free Report) shares were down 20% during trading on Wednesday . The company traded as low as C$0.06 and last traded at C$0.06. Approximately 353,387 shares changed hands during mid-day trading, an increase of 262% from the average daily volume of 97,694 shares. The stock had previously closed at C$0.08.

Ximen Mining Stock Performance

The company has a debt-to-equity ratio of 6.24, a quick ratio of 0.25 and a current ratio of 0.11. The business has a 50-day moving average price of C$0.09 and a 200 day moving average price of C$0.11. The stock has a market capitalization of C$2.25 million, a P/E 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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