Ximen Mining (CVE:XIM) Trading 50% Higher – Still a Buy?

Shares of Ximen Mining Corp. (CVE:XIM) were up 50% during mid-day trading on Wednesday . The company traded as high as C$0.10 and last traded at C$0.10. 166,001 shares traded hands during mid-day trading, an increase of 87% from the average daily volume of 88,747 shares. The stock had previously closed at C$0.07.

Ximen Mining Stock Performance

The company has a debt-to-equity ratio of -15.10, a quick ratio of 0.25 and a current ratio of 0.02. The stock has a fifty day simple moving average of C$0.09 and a two-hundred day simple moving average of C$0.08. The stock has a market cap of C$7.40 million, a PE ratio of -2.62 and a beta of 1.39.

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.