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

Ximen Mining Corp. (CVE:XIMGet Free Report)’s stock price dropped 20% during mid-day trading on Wednesday . The company traded as low as C$0.06 and last traded at C$0.06. Approximately 353,387 shares were traded during 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 Up 16.7 %

The firm has a market capitalization of C$2.62 million, a P/E ratio of -0.47 and a beta of 0.52. The company has a fifty day simple moving average of C$0.08 and a 200 day simple moving average of 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.

About Ximen Mining

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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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