PPX Mining (CVE:PPX) Shares Pass Above 200 Day Moving Average - What's Next?

Key Points

• PPX Mining Corp. shares surpassed their 200-day moving average, hitting a peak of C$0.13 on Tuesday, significantly above the moving average of C$0.07.
• The company's market capitalization is C$88.42 million, with a high debt-to-equity ratio of 373.74, indicating potential financial risk.
• PPX Mining focuses on acquiring and exploring gold and silver properties in Peru, with its flagship asset being the Igor project covering approximately 1,300 hectares.

Shares of PPX Mining Corp. (CVE:PPX - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$0.07 and traded as high as C$0.13. PPX Mining shares last traded at C$0.13, with a volume of 35,000 shares trading hands.

PPX Mining Price Performance

The company has a quick ratio of 0.36, a current ratio of 0.93 and a debt-to-equity ratio of 373.74. The company has a market cap of C$81.62 million, a price-to-earnings ratio of -12.00 and a beta of 0.68. The company has a 50 day moving average price of C$0.11 and a 200-day moving average price of C$0.07.

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.