PPX Mining (CVE:PPX) Sets New 52-Week High - Should You Buy?

Key Points

• PPX Mining Corp. shares reached a new 52-week high, trading at C$0.17, with a volume of over 304,000 shares on Monday.
• The company's current market capitalization stands at C$112.67 million, with a notably high debt-to-equity ratio of 373.74.
• PPX Mining is focused on exploring gold and silver deposits in Peru, with its flagship property being the fully owned Igor project covering approximately 1,300 hectares.

PPX Mining Corp. (CVE:PPX - )'s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$0.17 and last traded at C$0.16, with a volume of 304658 shares traded. The stock had previously closed at C$0.15.

PPX Mining Stock Up 6.7%

The business has a 50-day moving average price of C$0.11 and a 200-day moving average price of C$0.08. The company has a market capitalization of C$112.67 million, a price-to-earnings ratio of -16.00 and a beta of 1.73. The company has a quick ratio of 0.36, a current ratio of 0.93 and a debt-to-equity ratio of 373.74.

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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