PPX Mining (CVE:PPX) Trading Up 28.6% – Here’s Why

PPX Mining Corp. (CVE:PPX)’s share price was up 28.6% during mid-day trading on Thursday . The company traded as high as C$0.05 and last traded at C$0.05. Approximately 160,000 shares traded hands during mid-day trading, an increase of 60% from the average daily volume of 99,757 shares. The stock had previously closed at C$0.04.

PPX Mining Stock Down 11.1 %

The business’s 50 day moving average is C$0.04 and its 200-day moving average is C$0.04. 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 cap of C$27.21 million, a PE ratio of -4.00 and a beta of 0.68.

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.