Excellon Resources (TSE:EXN) Shares Down 4.5% – Here’s Why

Excellon Resources Inc. (TSE:EXN)’s share price fell 4.5% during trading on Tuesday . The company traded as low as C$0.10 and last traded at C$0.11. 32,200 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 150,067 shares. The stock had previously closed at C$0.11.

Excellon Resources Price Performance

The stock’s 50-day moving average is C$0.11 and its two-hundred day moving average is C$0.13. The company has a current ratio of 0.23, a quick ratio of 0.13 and a debt-to-equity ratio of 35.78. The company has a market capitalization of C$11.80 million, a PE ratio of -0.35 and a beta of 1.02.

Insider Activity at Excellon Resources

In other news, insider Golden Capital Consulting sold 270,000 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of C$0.10, for a total transaction of C$25,650.00. Over the last ninety days, insiders sold 1,011,500 shares of company stock worth $105,456. 25.96% of the stock is owned by corporate insiders.

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.