Ximen Mining (CVE:XIM) Trading Up 18.5% – Here’s What Happened

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

Ximen Mining Stock Performance

The firm has a market cap of C$9.16 million, a price-to-earnings ratio of -1.79 and a beta of 0.52. The company has a quick ratio of 0.25, a current ratio of 0.09 and a debt-to-equity ratio of -26.25. The company has a 50 day moving average of C$0.12 and a 200 day moving average of C$0.10.

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.