PPX Mining (CVE:PPX) Sets New 52-Week High - Still a Buy?

Key Points

• PPX Mining Corp. shares reached a new 52-week high, trading at C$0.13 and closing at C$0.12 with a trading volume of 71,000 shares.
• The company's market capitalization is C$78.22 million, with a P/E ratio of -11.50 and a high debt-to-equity ratio of 373.74.
• PPX Mining focuses on the exploration of mineral properties in Peru, primarily for gold and silver deposits, with its main asset being the 100% owned Igor project.

PPX Mining Corp. (CVE:PPX - Get Free Report)'s share price reached a new 52-week high during trading on Monday . The company traded as high as C$0.13 and last traded at C$0.12, with a volume of 71000 shares. The stock had previously closed at C$0.13.

PPX Mining Stock Down 4.0%

The business's 50 day moving average is C$0.10 and its 200 day moving average is C$0.07. The company has a debt-to-equity ratio of 373.74, a quick ratio of 0.36 and a current ratio of 0.93. The stock has a market cap of C$81.62 million, a price-to-earnings ratio of -12.00 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.