In the past month, the Ximen Mining Corp (OTCMKTS:XXMMF) has emerged as one of the mining companies to have enjoyed considerable focus among investors and that has also been reflected in its stock price. The stock has moved strongly in that period and has managed to clock gains of as much as 30% during the period.
Trading Data
On Monday, XXMMF stock ended flat at $0.1696 with more than 500 shares traded, compared to its average volume of 17k shares. The stock has moved within a range of $0.1696 – 0.1696 after opening trading at $0.1696.
Ximen’s Drilled 374 Meters At Wild Horse Gold Property .36 G/T Gold Average Over 86 Meters
In light of such gains, it may be a good time for investors to consider taking a look at the major announcement from the company on Monday. Yesterday, the company came into focus once against after it announced the results from the drilling activities that had been conducted at its Wild Horse Gold property in 2021.
The property in question is situated not too far away from Cranbrook in British Columbia. It should be noted that the drilling activities that were conducted by the company were meant for further expanding on the drilling that had been done at the property back in 2016.
The company managed to drill two holes in 2021 and that amounted to as much as 373.7 metres in terms of depth. The values returned from the drilling were in the 0.10 to 1.21 grams per tonne of gold.
Technical Data
XXMMF stock is trading above the 20-Day and 20-Day Moving averages of $0.15 and $0.1448 respectively. However, the stock is trading below the 20-Day moving average of $0.2028.
