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PPX Mining (CVE:PPX) Share Price Passes Above 200-Day Moving Average - What's Next?

PPX Mining logo with Basic Materials background
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Key Points

  • Technical signal: PPX Mining's share price rose above its 200-day moving average of C$0.29, trading as high as C$0.29 with a volume of 76,168 shares — a short-term bullish indicator.
  • Financial risks: The company shows weak liquidity and high leverage with a current ratio of 0.93, quick ratio of 0.36 and a debt-to-equity ratio of 373.74, plus a negative P/E of -5.70.
  • Company profile: PPX is an exploration-stage gold and silver miner focused on the 100%‑owned Igor project in northern Peru and has a market cap of about C$242.9 million.
  • Five stocks we like better than PPX Mining.

PPX Mining Corp. (CVE:PPX - Get Free Report)'s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$0.29 and traded as high as C$0.29. PPX Mining shares last traded at C$0.29, with a volume of 76,168 shares trading hands.

PPX Mining Stock Performance

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 firm's fifty day moving average is C$0.32 and its 200 day moving average is C$0.29. The company has a market cap of C$242.92 million, a PE ratio of -5.70 and a beta of 1.67.

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. The company was formerly known as Peruvian Precious Metals Corp. and changed its name to PPX Mining Corp. in August 2016. The company was incorporated in 1987 and is headquartered in Toronto, Canada.

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