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PPX Mining (CVE:PPX) Reaches New 12-Month High - Should You Buy?

PPX Mining logo with Basic Materials background

Key Points

  • PPX Mining Corp. hit a new 52-week high, trading as high as C$0.22 on Monday, with a current trading price of C$0.21.
  • The company has a market cap of C$144.36 million and a significant debt-to-equity ratio of 373.74, indicating high leverage.
  • PPX Mining focuses on exploring mineral properties in Peru, particularly gold and silver, with its flagship asset being the Igor project.
  • MarketBeat previews top five stocks to own in October.

PPX Mining Corp. (CVE:PPX - Get Free Report) reached a new 52-week high during trading on Monday . The company traded as high as C$0.22 and last traded at C$0.21, with a volume of 314600 shares trading hands. The stock had previously closed at C$0.21.

PPX Mining Stock Up 7.3%

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 stock has a market capitalization of C$154.92 million, a P/E ratio of -22.00 and a beta of 1.73. The stock's 50 day simple moving average is C$0.13 and its 200 day simple moving average is C$0.09.

PPX Mining Company Profile

(Get Free Report)

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.

Further Reading

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