PPX Mining (CVE:PPX) Stock Price Down 16.3% – Time to Sell?

Shares of PPX Mining Corp. (CVE:PPXGet Free Report) were down 16.3% on Tuesday . The stock traded as low as C$0.19 and last traded at C$0.21. Approximately 202,250 shares changed hands during mid-day trading, an increase of 45% from the average daily volume of 139,118 shares. The stock had previously closed at C$0.25.

PPX Mining Stock Down 14.3%

The firm’s 50 day moving average is C$0.27 and its two-hundred day moving average is C$0.29. The stock has a market cap of C$178.99 million, a price-to-earnings ratio of -4.20 and a beta of 2.12. The company has a current ratio of 0.93, a quick ratio of 0.36 and a debt-to-equity ratio of 373.74.

About PPX Mining

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PPX Mining Corp., an exploration stage company, engages in the acquisition, exploration, and evaluation of mineral properties in Peru. The company explores for gold and silver deposits. Its flagship property is the 100% owned Igor project that includes four concessions covering an area of approximately 1,300 hectares located in northern Peru. The company was formerly known as Peruvian Precious Metals Corp. and changed its name to PPX Mining Corp. in August 2016. The company was incorporated in 1987 and is headquartered in Toronto, Canada.

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