Ximen Mining (CVE:XIM) Stock Price Up 11.8% – Still a Buy?

Shares of Ximen Mining Corp. (CVE:XIM) shot up 11.8% during mid-day trading on Thursday . The company traded as high as C$0.10 and last traded at C$0.10. 125,000 shares traded hands during trading, an increase of 110% from the average session volume of 59,657 shares. The stock had previously closed at C$0.09.

Ximen Mining Price Performance

The company has a debt-to-equity ratio of -15.10, a current ratio of 0.02 and a quick ratio of 0.25. The stock has a market cap of C$7.05 million, a price-to-earnings ratio of -2.50 and a beta of 1.28. The business’s 50-day simple moving average is C$0.09 and its two-hundred day simple moving average is 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.