PPX Mining (CVE:PPX) Shares Up 37.1% - Here's What Happened

Key Points

• PPX Mining Corp. shares surged by 37.1%, reaching a high of C$0.50 before last trading at C$0.48, with trading volume significantly increasing by 774% compared to the average volume.
• The company, based in Peru, specializes in the acquisition, exploration, and evaluation of mineral properties, primarily focusing on gold and silver.
• PPX Mining has a high debt-to-equity ratio of 373.74 and a market capitalization of approximately C$316.88 million, indicating potential financial risks despite its recent stock performance.

PPX Mining Corp. (CVE:PPX - ) shares traded up 37.1% on Thursday . The company traded as high as C$0.50 and last traded at C$0.48. 1,375,527 shares traded hands during mid-day trading, an increase of 774% from the average session volume of 157,391 shares. The stock had previously closed at C$0.35.

PPX Mining Trading Down 6.2%

The business has a 50-day moving average price of C$0.17 and a two-hundred day moving average price of C$0.11. 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 market cap of C$316.88 million, a PE ratio of -45.00 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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