PPX Mining (CVE:PPX) Shares Down 25% – Here’s Why

Shares of PPX Mining Corp. (CVE:PPX) dropped 25% during mid-day trading on Friday . The company traded as low as C$0.03 and last traded at C$0.03. Approximately 281,000 shares changed hands during trading, an increase of 155% from the average daily volume of 110,174 shares. The stock had previously closed at C$0.04.

PPX Mining Trading Down 12.5 %

The stock has a fifty day moving average of C$0.04 and a 200-day moving average of C$0.04. The company has a market cap of C$23.81 million, a PE ratio of -3.50 and a beta of 0.68. The company has a debt-to-equity ratio of 373.74, a quick ratio of 0.36 and a current ratio of 0.93.

PPX Mining Company Profile

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.