Ximen Mining (CVE:XIM) Sets New 1-Year Low – Should You Sell?

Ximen Mining Corp. (CVE:XIM – Get Free Report) hit a new 52-week low during mid-day trading on Wednesday. The company traded as low as C$0.06 and last traded at C$0.06, with a volume of 22,000 shares changing hands. The stock had previously closed at C$0.06.

Ximen Mining Stock Performance

The company’s 50 day simple moving average is C$0.07 and its 200 day simple moving average is C$0.08. The company has a debt-to-equity ratio of -15.10, a current ratio of 0.02 and a quick ratio of 0.25. The firm has a market cap of C$4.49 million, a price-to-earnings ratio of -1.50 and a beta of 1.03.

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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