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

PPX Mining Corp. (CVE:PPXGet Free Report) shares rose 28.6% during mid-day trading on Thursday . The stock traded as high as C$0.05 and last traded at C$0.05. Approximately 160,000 shares changed hands during trading, an increase of 73% from the average daily volume of 92,702 shares. The stock had previously closed at C$0.04.

PPX Mining Stock Performance

The stock has a fifty day moving average price of C$0.04 and a 200 day moving average price of C$0.04. The company has a current ratio of 0.93, a quick ratio of 0.36 and a debt-to-equity ratio of 373.74. The firm has a market cap of C$30.61 million, a price-to-earnings ratio of -4.50 and a beta of 0.68.

PPX Mining Company Profile

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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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