PPX Mining (CVE:PPX) Stock Price Up 20% – Still a Buy?

PPX Mining Corp. (CVE:PPX) traded up 20% during trading on Wednesday . The stock traded as high as C$0.24 and last traded at C$0.24. 105,000 shares were traded during mid-day trading, a decline of 28% from the average session volume of 145,729 shares. The stock had previously closed at C$0.20.

PPX Mining Trading Up 25.0%

The company has a debt-to-equity ratio of 373.74, a current ratio of 0.93 and a quick ratio of 0.36. The company has a market capitalization of C$213.09 million, a price-to-earnings ratio of -5.00 and a beta of 2.12. The business has a fifty day moving average price of C$0.28 and a 200 day moving average price of C$0.29.

About PPX Mining

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.