PPX Mining (CVE:PPX) Trading 22.2% Higher – Still a Buy?

Shares of PPX Mining Corp. (CVE:PPXGet Free Report) traded up 22.2% during trading on Friday . The company traded as high as C$0.28 and last traded at C$0.28. Approximately 425,052 shares changed hands during mid-day trading, an increase of 245% from the average daily volume of 123,272 shares. The stock had previously closed at C$0.23.

PPX Mining Price Performance

The firm has a market capitalization of C$239.09 million, a PE ratio of -6.88 and a beta of 1.69. The stock’s 50 day simple moving average is C$0.21 and its two-hundred day simple moving average is C$0.25. The company has a debt-to-equity ratio of 373.74, a quick ratio of 0.36 and a current ratio of 0.93.

PPX Mining Company Profile

(Get Free Report)

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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