Ximen Mining (CVE:XIM) Trading Down 5.9% – Time to Sell?

Ximen Mining Corp. (CVE:XIMGet Free Report)’s share price dropped 5.9% during trading on Wednesday . The company traded as low as C$0.08 and last traded at C$0.08. 105,236 shares changed hands during mid-day trading, an increase of 34% from the average session volume of 78,304 shares. The stock had previously closed at C$0.09.

Ximen Mining Price Performance

The company’s fifty day moving average price is C$0.08 and its 200 day moving average price is C$0.08. The company has a debt-to-equity ratio of -15.10, a quick ratio of 0.25 and a current ratio of 0.02. The firm has a market capitalization of C$5.64 million, a price-to-earnings ratio of -2.00 and a beta of 1.29.

About Ximen Mining

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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.

Further Reading

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