Excellon Resources (TSE:EXN) Shares Up 30.8% – Here’s What Happened

Excellon Resources Inc. (TSE:EXNGet Free Report) shares rose 30.8% on Wednesday . The company traded as high as C$0.18 and last traded at C$0.17. Approximately 673,221 shares were traded during mid-day trading, an increase of 238% from the average daily volume of 199,391 shares. The stock had previously closed at C$0.13.

Excellon Resources Price Performance

The business has a 50-day simple moving average of C$0.10 and a two-hundred day simple moving average of C$0.10. The company has a quick ratio of 0.13, a current ratio of 0.23 and a debt-to-equity ratio of 35.78. The stock has a market capitalization of C$19.11 million, a price-to-earnings ratio of -0.57 and a beta of 1.02.

Excellon Resources Company Profile

(Get Free Report)

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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