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PPX Mining (CVE:PPX) Stock Price Crosses Above Two Hundred Day Moving Average - Here's Why

PPX Mining logo with Basic Materials background

Key Points

  • PPX Mining Corp. shares have surpassed their 200-day moving average, trading at C$0.14, which is significantly above the average of C$0.08.
  • The company has a market cap of C$98.59 million and is focusing on the exploration of gold and silver in Peru, mainly through its flagship Igor project.
  • PPX Mining is characterized by a high debt-to-equity ratio of 373.74 and a negative PE ratio of -14.00, indicating potential financial instability.
  • MarketBeat previews the top five stocks to own by October 1st.

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$0.08 and traded as high as C$0.15. PPX Mining shares last traded at C$0.14, with a volume of 124,500 shares traded.

PPX Mining Stock Performance

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

About PPX Mining

(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.

Further Reading

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