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

by · The Cerbat Gem

Excellon Resources Inc. (TSE:EXN – Get Free Report) shares traded down 8.6% on Friday . The company traded as low as C$0.16 and last traded at C$0.16. 195,900 shares traded hands 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 Stock Down 14.3 %

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 stock has a market capitalization of C$16.86 million, a P/E ratio of -0.50 and a beta of 1.02. The stock’s fifty day simple moving average is C$0.10 and its two-hundred day simple moving average is C$0.10.

Excellon Resources Company Profile

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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.

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