Ximen Mining (CVE:XIM) Stock Price Down 23.1% – Here’s What Happened

Ximen Mining Corp. (CVE:XIM)’s stock price dropped 23.1% during mid-day trading on Thursday . The company traded as low as C$0.10 and last traded at C$0.10. Approximately 156,000 shares changed hands during mid-day trading, an increase of 267% from the average daily volume of 42,470 shares. The stock had previously closed at C$0.13.

Ximen Mining Trading Down 23.1%

The firm has a market cap of C$5.72 million, a P/E ratio of -1.27 and a beta of -0.92. The company has a current ratio of 0.09, a quick ratio of 0.25 and a debt-to-equity ratio of -26.25. The stock has a 50 day simple moving average of C$0.10 and a 200-day simple moving average of C$0.12.

Insider Buying and Selling at Ximen Mining

In other news, Director Christopher Ross Anderson purchased 263,000 shares of the company’s stock in a transaction dated Friday, June 27th. The shares were acquired at an average price of C$0.12 per share, with a total value of C$30,245.00. Corporate insiders own 2.69% of the company’s stock.

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.