Excellon Resources (TSE:EXN) Stock Price Crosses Above 50-Day Moving Average – Should You Sell?

Shares of Excellon Resources Inc. (TSE:EXN) crossed 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.

Excellon Resources Trading Down 10.0 %

The company has a debt-to-equity ratio of 35.78, a current ratio of 0.23 and a quick ratio of 0.13. The firm has a fifty day simple moving average of C$0.10 and a 200-day simple moving average of C$0.12. The firm has a market cap of C$10.12 million, a P/E ratio of -0.30 and a beta of 1.02.

Insider Buying and Selling

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

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.