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Excellon Resources Inc T.EXN

Alternate Symbol(s):  EXNRF

Excellon Resources Inc. is engaged in the acquisition, exploration, and advancement of mineral properties. The Company is advancing a portfolio of silver, base metals and precious metals assets The Company’s project portfolio includes Kilgore, Silver City and Evolucion. The Company’s Kilgore project is an advanced gold exploration project in Idaho. The Kilgore gold project is located in Clark County, Southeastern Idaho. The Kilgore gold project comprises 614 lode mining claims and consists of approximately 6,788 hectares (ha). The Silver City is a high-grade epithermal silver district in Saxony, Germany. The Evolucion property covers 31.28 square kilometers (31,280 ha) and 17 km of strike along the Fresnillo trend, a silver district.


TSX:EXN - Post by User

Post by silverforeveron Dec 13, 2021 12:39pm
187 Views
Post# 34225479

Tax loss selling at any cost !

Tax loss selling at any cost !Marine I agree with you, however that should be just about over. I also agree with DaytonGuy that "EXN shares are being forced down with 100 shares transactions".  IMO Excellon has always been an easy target for stock price manipulators  thanks to how its CEO operates, with his San Pedro lawsuit debacle being a green light for the latest round of this kind of activity. In the past three trading days EXN(NYSE) had very low volumes of  5,600, 17,431 and 2,562 (EXN 52 week ave volume is 49,000/day), the later being a record daily  low when both NYSE and TSX were open, allowing small sell orders to drop the share price over 10%. Very easy to do with very little capital. There have also been strange trading patterns in EXN resulting in share price loses during normal trading hours (4PM close) and then big increases in after hours trading that were not reflected in Excellon's stock reported daily price and trading volume keeping a lid on Excellon's 'closing' stock price. Tax Loss Selling(TLS) is also playing right into manipulators hands. It could be that some entity is behind and/or taking advantage of all this to buy as many shares of Excellon's stock at these low prices and for as long as possible knowing that when they stop Excellon's stock price will go up many times higher quickly. The good news is that when its  stock price trend turns up, Excellon's stock price gains could be monumental. 
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