Ximen Mining (CVE:XIM) Hits New 52-Week Low – Time to Sell?

Shares of Ximen Mining Corp. (CVE:XIM) reached 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$0.07, with a volume of 164553 shares changing hands. The stock had previously closed at C$0.06.

Ximen Mining Stock Up 16.7%

The company has a debt-to-equity ratio of -15.76, a quick ratio of 0.25 and a current ratio of 0.02. The company has a market cap of C$4.07 million, a price-to-earnings ratio of -1.75 and a beta of 1.51. The business has a 50-day simple moving average of C$0.07 and a 200-day simple moving average of C$0.08.

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. 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.