Ximen Mining (CVE:XIM) Reaches New 12-Month Low – Should You Sell?

Ximen Mining Corp. (CVE:XIM) shares hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$0.06 and last traded at C$0.06, with a volume of 161100 shares trading hands. The stock had previously closed at C$0.07.

Ximen Mining Trading Down 7.7%

The company has a current ratio of 0.02, a quick ratio of 0.25 and a debt-to-equity ratio of -15.10. The firm has a market capitalization of C$4.23 million, a P/E ratio of -1.50 and a beta of 1.39. The business has a 50 day moving average of C$0.09 and a 200-day moving average of C$0.08.

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.