Ximen Mining (CVE:XIM) Stock Price Up 18.5% – Still a Buy?

Ximen Mining Corp. (CVE:XIM) rose 18.5% during mid-day trading on Saturday . The company traded as high as C$0.17 and last traded at C$0.16. Approximately 167,900 shares changed hands during 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 Stock Up 18.5 %

The firm’s fifty day simple moving average is C$0.12 and its 200 day simple moving average is C$0.10. The stock has a market capitalization of C$9.16 million, a price-to-earnings ratio of -1.79 and a beta of 0.52. The company has a debt-to-equity ratio of -26.25, a quick ratio of 0.25 and a current ratio of 0.09.

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.