PPX Mining (CVE:PPX) Sets New 1-Year High - Time to Buy?

Key Points

• PPX Mining Corp. has reached a new 52-week high in its stock price, trading at C$0.15, while the last trade was at C$0.14 with a volume of 66,500 shares.
• The company is focused on the exploration of gold and silver deposits in Peru, primarily through its flagship Igor project, which spans approximately 1,300 hectares.
• PPX Mining has a market cap of C$95.06 million and a notably high debt-to-equity ratio of 373.74, indicating significant leverage in its financial structure.

PPX Mining Corp. (CVE:PPX - Get Free Report)'s stock price reached a new 52-week high on Tuesday . The stock traded as high as C$0.15 and last traded at C$0.14, with a volume of 66500 shares trading hands. The stock had previously closed at C$0.14.

PPX Mining Trading Up 7.1%

The firm's 50-day moving average is C$0.11 and its 200-day moving average is C$0.08. 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$105.63 million, a price-to-earnings ratio of -15.00 and a beta of 1.73.

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.