Excellon Resources (TSE:EXN) Shares Down 8.6% – Here’s Why

Excellon Resources Inc. (TSE:EXN)’s stock price fell 8.6% during trading on Friday . The company traded as low as C$0.16 and last traded at C$0.16. 195,900 shares were traded during trading, a decline of 7% from the average session volume of 209,833 shares. The stock had previously closed at C$0.18.

Excellon Resources Trading Down 14.3 %

The business’s 50-day moving average price is C$0.10 and its 200 day moving average price is C$0.10. The company has a debt-to-equity ratio of 35.78, a quick ratio of 0.13 and a current ratio of 0.23. The company has a market cap of C$16.86 million, a P/E ratio of -0.50 and a beta of 1.02.

Excellon Resources Company Profile

Excellon Resources Inc engages in the acquisition, exploration, and advancement of mineral properties. It primarily explores for silver, lead, zinc, and gold deposits, as well as base metals. The company holds 100% interests in the Platosa property covering an area of approximately 11,000 hectares located in Durango State, Mexico; the Evolución property that covers an area of 31,280 hectares situated in the states of Durango and Zacatecas, Mexico; and the Silver City project totaling an area of 340 square kilometers in Saxony, Germany.