Excellon Resources (TSE:EXN) Share Price Crosses Above Fifty Day Moving Average – Here’s Why

Excellon Resources Inc. (TSE:EXN) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$0.10 and traded as high as C$0.10. Excellon Resources shares last traded at C$0.09, with a volume of 298,500 shares traded.

Excellon Resources Stock Performance

The stock’s 50 day moving average price is C$0.10 and its 200 day moving average price is C$0.12. The company has a market capitalization of C$10.12 million, a P/E ratio of -0.30 and a beta of 1.02. The company has a debt-to-equity ratio of 35.78, a quick ratio of 0.13 and a current ratio of 0.23.

Insider Transactions at Excellon Resources

In other news, insider Golden Capital Consulting sold 229,500 shares of the firm’s stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of C$0.11, for a total transaction of C$25,015.50. In the last ninety days, insiders sold 611,500 shares of company stock valued at $66,156. Corporate insiders own 25.96% of the company’s stock.

Excellon Resources Company Profile

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.