Ximen Mining (CVE:XIM) Trading Down 10.5% – Time to Sell?
by Renee Jackson · The Cerbat GemXimen Mining Corp. (CVE:XIM – Get Free Report)’s share price was down 10.5% during trading on Friday . The company traded as low as C$0.08 and last traded at C$0.09. Approximately 105,000 shares were traded during trading, an increase of 68% from the average daily volume of 62,518 shares. The stock had previously closed at C$0.10.
Ximen Mining Stock Performance
The stock has a 50 day simple moving average of C$0.07 and a 200 day simple moving average of C$0.08. The company has a current ratio of 0.02, a quick ratio of 0.25 and a debt-to-equity ratio of -15.76. The stock has a market cap of C$5.23 million, a P/E ratio of -2.25 and a beta of 1.60.
About Ximen Mining
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. It also owns a 100% interest in the Treasure Mountain Silver Project located in southern British Columbia. The company was formerly known as Elm Tree Minerals Inc and changed its name to Ximen Mining Corp.