AXMIN (CVE:AXM) Stock Price Crosses Below 50 Day Moving Average – Here’s Why

AXMIN Inc. (CVE:AXM) shares crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$0.02 and traded as low as C$0.01. AXMIN shares last traded at C$0.01, with a volume of 1,000 shares.

AXMIN Stock Performance

The company has a 50-day simple moving average of C$0.02 and a two-hundred day simple moving average of C$0.01. The company has a debt-to-equity ratio of 1,770.45, a quick ratio of 0.11 and a current ratio of 0.02. The firm has a market capitalization of C$2.25 million, a P/E ratio of -1.50 and a beta of 0.40.

AXMIN Company Profile

AXMIN Inc, a gold exploration company, engages in the exploration and development of mineral properties in central and West Africa. Its primary asset is the Passendro gold project located in the Central African Republic. AXMIN Inc is based in Vancouver, Canada.