Excellon Resources (TSE:EXN) had its price objective lifted by Cormark from C$1.20 to C$1.40 in a report released on Friday. Cormark’s price objective suggests a potential upside of 40.00% from the company’s previous close.

EXN stock traded down C$0.01 during midday trading on Friday, hitting C$1.00. The company’s stock had a trading volume of 1,448 shares, compared to its average volume of 82,898. The company has a current ratio of 2.93, a quick ratio of 2.40 and a debt-to-equity ratio of 1.31. Excellon Resources has a twelve month low of C$0.59 and a twelve month high of C$1.70. The firm has a market capitalization of $99.71 million and a P/E ratio of -43.48.

About Excellon Resources

Excellon Resources Inc, a silver mining and exploration company, engages in the acquisition, exploration, development, and mining of mineral properties in Mexico and Canada. The company explores for silver-lead and silver-zinc concentrates. Its principal properties include the Platosa property covering a total area of approximately 20,947 hectares located in northeastern Durango State, Mexico; and the Miguel Auza property covering an area of 14,000 hectares situated in the northern Fresnillo silver trend in Zacatecas, Mexico.

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