PPX Mining (CVE:PPX) Shares Up 28.6% - What's Next?

Key Points

• PPX Mining Corp. shares surged 28.6% during mid-day trading, reaching a last traded price of C$0.45, up from a prior close of C$0.35.
• The company, focused on gold and silver exploration in Peru, has a market capitalization of approximately C$348.57 million and a highly leveraged debt-to-equity ratio of 373.74.
• Trading volume increased significantly, with approximately 666,351 shares changing hands, marking a 338% rise compared to the average daily volume.

PPX Mining Corp. (CVE:PPX - ) was up 28.6% during mid-day trading on Wednesday . The stock traded as high as C$0.47 and last traded at C$0.45. Approximately 666,351 shares traded hands during mid-day trading, an increase of 338% from the average daily volume of 152,085 shares. The stock had previously closed at C$0.35.

PPX Mining Stock Performance

The firm has a market capitalization of C$348.57 million, a price-to-earnings ratio of -49.50 and a beta of 2.31. The company has a debt-to-equity ratio of 373.74, a current ratio of 0.93 and a quick ratio of 0.36. The firm has a 50 day moving average price of C$0.17 and a 200-day moving average price of C$0.10.

PPX Mining Company Profile

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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