PPX Mining (CVE:PPX) Shares Down 17.8% - What's Next?

Key Points

• PPX Mining Corp.'s stock price fell by 17.8% to C$0.37, significantly lower than its previous close of C$0.45.
• The company experienced a notable increase in trading volume, with approximately 456,882 shares traded, marking a 174% rise from its average daily volume.
• PPX Mining has a high debt-to-equity ratio of 373.74 and operates mainly in the exploration of gold and silver deposits in Peru, with its flagship Igor project covering 1,300 hectares.

PPX Mining Corp. (CVE:PPX - )'s stock price dropped 17.8% during mid-day trading on Friday . The company traded as low as C$0.33 and last traded at C$0.37. Approximately 456,882 shares were traded during mid-day trading, an increase of 174% from the average daily volume of 166,509 shares. The stock had previously closed at C$0.45.

PPX Mining Trading Down 13.3%

The company has a fifty day moving average of C$0.18 and a two-hundred day moving average of C$0.11. 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 stock has a market capitalization of C$274.63 million, a price-to-earnings ratio of -39.00 and a beta of 2.31.

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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