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

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.

Shares of PPX Mining Corp. (CVE:PPX - ) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 trading hands.

PPX Mining Stock Up 4.0%

The stock has a 50 day moving average price of C$0.11 and a 200 day moving average price of C$0.07. The stock has a market capitalization of C$88.42 million, a price-to-earnings ratio of -13.00 and a beta of 0.68. The company has a quick ratio of 0.36, a current ratio of 0.93 and a debt-to-equity ratio of 373.74.

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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