Ximen Mining (CVE:XIM) Trading Down 20% – What’s Next?

Ximen Mining Corp. (CVE:XIM)’s share price was down 20% on Wednesday . The stock 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 Price Performance

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

Ximen Mining Company Profile

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.