PPX Mining (CVE:PPX) Shares Pass Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• PPX Mining Corp. shares have crossed above their 200-day moving average of C$0.07, trading as high as C$0.13 with a current market capitalization of C$88.42 million.
• The stock has shown a 4.0% increase recently and has a negative price-to-earnings ratio of -13.00.
• PPX Mining is focused on the acquisition and exploration of mineral properties in Peru, with its flagship project being the Igor project, covering approximately 1,300 hectares.

PPX Mining Corp. (CVE:PPX - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-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 79,500 shares changing hands.

PPX Mining Price 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 has a market cap of C$95.06 million, a P/E ratio of -13.50 and a beta of 1.69. The firm has a 50-day simple moving average of C$0.11 and a 200-day simple moving average of C$0.07.

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.