Ximen Mining (CVE:XIM) Stock Price Up 18.8% – Here’s Why

Ximen Mining Corp. (CVE:XIM) was up 18.8% during mid-day trading on Wednesday . The company traded as high as C$0.14 and last traded at C$0.10. Approximately 752,762 shares were traded during mid-day trading, an increase of 742% from the average daily volume of 89,419 shares. The stock had previously closed at C$0.08.

Ximen Mining Price Performance

The company has a debt-to-equity ratio of -26.25, a current ratio of 0.09 and a quick ratio of 0.25. The company has a fifty day moving average price of C$0.07 and a 200 day moving average price of C$0.09. The company has a market capitalization of C$4.89 million, a P/E ratio of -1.42 and a beta of 1.48.

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. 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.