PPX Mining (CVE:PPX) Share Price Passes Above 200 Day Moving Average - Time to Sell?

Key Points

• PPX Mining Corp.'s share price has recently crossed above its 200-day moving average of C$0.08, trading as high as C$0.19 with a volume of 394,628 shares on Friday.
• The company has a market cap of C$133.79 million and significant debt-to-equity ratio of 373.74, indicating potential financial risks.
• PPX Mining specializes in the exploration and evaluation of mineral properties in Peru, focusing primarily on gold and silver deposits.

PPX Mining Corp. (CVE:PPX - )'s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.08 and traded as high as C$0.19. PPX Mining shares last traded at C$0.19, with a volume of 394,628 shares traded.

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 firm has a market cap of C$133.79 million, a P/E ratio of -19.00 and a beta of 1.73. The business has a fifty day moving average of C$0.12 and a 200 day moving average of C$0.08.

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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