PJX Resources (CVE:PJX) Stock Price Up 18.5% – Still a Buy?

PJX Resources Inc. (CVE:PJX)’s share price traded up 18.5% on Thursday . The company traded as high as C$0.16 and last traded at C$0.16. Approximately 1,899,398 shares changed hands during trading, an increase of 2,076% from the average session volume of 87,300 shares. The stock had previously closed at C$0.14.

PJX Resources Stock Up 18.5%

The company has a debt-to-equity ratio of 0.21, a quick ratio of 9.00 and a current ratio of 20.83. The firm has a market capitalization of C$29.91 million, a PE ratio of -16.00 and a beta of -0.54. The company’s 50 day simple moving average is C$0.14 and its 200-day simple moving average is C$0.15.

PJX Resources Company Profile

PJX Resources Inc engages in the acquisition, exploration, and development of mineral resource properties in Canada. The company primarily explores for gold, silver, zinc, lead, cobalt, and copper deposits. Its flagship mineral property is the Dewdney Trail property covers an area of approximately 10,000 hectares located in northeast of Cranbrook, British Columbia. It also holds 100% interest in the Vine, the Gold Shear, the DD, the Eddy, the Parker Copper, the Zinger, and the West Basin projects located in the Cranbrook area of British Columbia, Canada.