Excellon Resources (TSE:EXN) Trading 18.2% Higher After Insider Buying Activity

Excellon Resources Inc. (TSE:EXN)’s stock price shot up 18.2% during trading on Thursday after an insider bought additional shares in the company. The stock traded as high as C$0.13 and last traded at C$0.13. 557,440 shares changed hands during mid-day trading, an increase of 158% from the average session volume of 215,857 shares. The stock had previously closed at C$0.11.

Specifically, insider Golden Capital Consulting bought 20,000 shares of the business’s stock in a transaction on Wednesday, March 12th. The shares were bought at an average cost of C$12.00 per share, for a total transaction of C$240,000.00.

Excellon Resources Stock Performance

The stock’s 50-day moving average is C$0.11 and its 200 day moving average is C$0.10. 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 firm has a market cap of C$15.74 million, a P/E ratio of -0.47 and a beta of 1.02.

About Excellon Resources

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.