Ximen Mining (CVE:XIM) Stock Price Up 18.5% – Time to Buy?

Ximen Mining Corp. (CVE:XIM)’s share price rose 18.5% during mid-day trading on Friday . The stock traded as high as C$0.17 and last traded at C$0.16. Approximately 167,900 shares traded hands during mid-day trading, an increase of 320% from the average daily volume of 40,012 shares. The stock had previously closed at C$0.14.

Ximen Mining Price Performance

The firm has a market cap of C$9.16 million, a P/E ratio of -1.79 and a beta of 0.52. The stock’s 50-day moving average is C$0.12 and its 200-day moving average is C$0.10. The company has a quick ratio of 0.25, a current ratio of 0.09 and a debt-to-equity ratio of -26.25.

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.