PPX Mining (CVE:PPX) Reaches New 52-Week High - Here's Why

Key Points

• PPX Mining Corp. reached a new 52-week high with shares trading at C$0.32, a significant increase from the previous closing price of C$0.29.
• The company has a debt-to-equity ratio of 373.74 and a market capitalization of C$218.30 million, indicating high financial leverage and volatility.
• PPX focuses on gold and silver exploration in Peru, with its main asset being the Igor project, which spans approximately 1,300 hectares.

PPX Mining Corp. (CVE:PPX - )'s share price reached a new 52-week high on Monday . The stock traded as high as C$0.32 and last traded at C$0.32, with a volume of 675865 shares changing hands. The stock had previously closed at C$0.29.

PPX Mining Stock Up 6.9%

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 stock's 50 day simple moving average is C$0.16 and its two-hundred day simple moving average is C$0.10. The firm has a market cap of C$218.30 million, a P/E ratio of -31.00 and a beta of 2.31.

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.

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