Ximen Mining (CVE:XIM) Trading Up 50% – Here’s Why

Ximen Mining Corp. (CVE:XIMGet Free Report) shot up 50% on Wednesday . The stock traded as high as C$0.10 and last traded at C$0.10. 166,001 shares changed hands during mid-day trading, an increase of 87% from the average session volume of 88,747 shares. The stock had previously closed at C$0.07.

Ximen Mining Price Performance

The company’s 50-day moving average price is C$0.09 and its 200-day moving average price is C$0.08. The company has a quick ratio of 0.25, a current ratio of 0.02 and a debt-to-equity ratio of -15.10. The firm has a market cap of C$6.34 million, a price-to-earnings ratio of -2.25 and a beta of 1.39.

Ximen Mining Company Profile

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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.

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