PPX Mining (CVE:PPX) Trading 50% Higher – Here’s Why

PPX Mining Corp. (CVE:PPXGet Free Report) shot up 50% during mid-day trading on Tuesday . The company traded as high as C$0.05 and last traded at C$0.05. 395,500 shares changed hands during mid-day trading, an increase of 229% from the average session volume of 120,347 shares. The stock had previously closed at C$0.03.

PPX Mining Stock Up 50.0 %

The company has a debt-to-equity ratio of 373.74, a quick ratio of 0.36 and a current ratio of 0.93. The stock’s fifty day simple moving average is C$0.04 and its two-hundred day simple moving average is C$0.04. The stock has a market capitalization of C$30.61 million, a P/E ratio of -4.50 and a beta of 0.68.

About PPX Mining

(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.

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