Ximen Mining (CVE:XIM) Shares Down 15.4% – Here’s Why

Ximen Mining Corp. (CVE:XIM – Get Free Report)’s share price fell 15.4% during mid-day trading on Monday. The company traded as low as C$0.06 and last traded at C$0.06. 244,414 shares traded hands during trading, an increase of 217% from the average session volume of 77,116 shares. The stock had previously closed at C$0.07.

Ximen Mining Trading Down 15.4%

The company has a quick ratio of 0.25, a current ratio of 0.02 and a debt-to-equity ratio of -15.10. The firm has a market cap of C$4.12 million, a price-to-earnings ratio of -1.38 and a beta of 1.03. The business’s fifty day moving average is C$0.07 and its two-hundred day moving average is C$0.08.

Ximen Mining Company Profile

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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. 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.

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