Ximen Mining Corp (OTCMKTS:XXMMF) Stock In Focus After Recent news

On Wednesday Ximen Mining Corp (OTCMKTS:XXMMF) came into the news cycle after it announced that its stock was going to be listed on the Gettex Exchange under the symbol XIMA from May 4, 2023.

Trading Data

On Wednesday, XXMMF stock decreased 19.09% to $0.0890 with 11K shares, compared to volume of 7.25K shares. The stock moved within a range of $0.0890 – 0.0930 after opening trade at $0.0930.

The company’s stock is already listed on the TSX Venture Exchange, the OTCQB and many other regional exchanges in Europe in addition to the Frankfurt Exchange in German. Gettex is actually a competing exchange in Germany. It was a significant new development for the company considering the fact that the stock was going to get exposure to another cohort of investors in Germany, one of the biggest economies in Europe.

The Chief Executive Officer of the company Christopher Anderson provided another update as well. He noted that  Ximen had received all the necessary permits for advancing the Kenville Gold Mine and it had been in the works for several year. He went on to note that everyone at the company was excited about the prospect of advancing the project.

Ximen also announced that it was going to have a non-brokered private placement of 6 million units for the price of $0.10 each to raise gross proceeds of $600,000. Investors could consider keeping an eye on the stock today.