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

Key Points

• PPX Mining Corp.'s stock rose by 37.1% during Wednesday's trading, reaching as high as C$0.50 before closing at C$0.48.
• The trading volume surged to approximately 1,375,527 shares, which is an increase of 774% from its average daily volume.
• PPX Mining focuses on exploring gold and silver deposits in Peru, with its flagship project covering around 1,300 hectares in the northern region of the country.

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

PPX Mining Stock 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 stock has a market capitalization of C$338.01 million, a P/E ratio of -48.00 and a beta of 2.31. The company's fifty day simple moving average is C$0.17 and its 200 day simple moving average is C$0.11.

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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