PPX Mining (CVE:PPX) Shares Up 22.2% – Still a Buy?

PPX Mining Corp. (CVE:PPXGet Free Report)’s stock price was up 22.2% during mid-day trading on Friday . The company traded as high as C$0.28 and last traded at C$0.28. 425,052 shares traded hands during 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 stock has a market capitalization of C$239.09 million, a price-to-earnings ratio of -6.88 and a beta of 1.69. 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 company has a fifty day simple moving average of C$0.21 and a two-hundred day simple moving average of C$0.25.

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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