Ximen Mining (CVE:XIM) Shares Down 20% – Here’s Why

Ximen Mining Corp. (CVE:XIM) dropped 20% during trading on Monday . The stock traded as low as C$0.08 and last traded at C$0.08. Approximately 119,000 shares traded hands during trading, an increase of 175% from the average daily volume of 43,306 shares. The stock had previously closed at C$0.10.

Ximen Mining Stock Performance

The stock has a market cap of C$4.58 million, a P/E ratio of -1.01 and a beta of -1.39. The company has a fifty day moving average price of C$0.10 and a 200 day moving average price of C$0.11. The company has a debt-to-equity ratio of -26.25, a current ratio of 0.09 and a quick ratio of 0.25.

About Ximen Mining

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.