PPX Mining (CVE:PPX) Shares Up 37.1% - Should You Buy?

Key Points

• PPX Mining Corp. shares experienced a significant increase of 37.1% during trading, reaching up to C$0.50, with over 1.37 million shares traded—an increase of 774% from its average volume.
• The company, which focuses on exploring gold and silver deposits in Peru, has a market capitalization of C$338.01 million and a notably high debt-to-equity ratio of 373.74.
• PPX Mining's flagship property is the 100% owned Igor project, covering approximately 1,300 hectares in northern Peru, indicating its exploration stage commitment.

PPX Mining Corp. (CVE:PPX - ) shares shot up 37.1% during trading on Wednesday . 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 Stock Up 37.1%

The company has a debt-to-equity ratio of 373.74, a quick ratio of 0.36 and a current ratio of 0.93. The stock has a 50 day moving average price of C$0.17 and a 200 day moving average price of C$0.10. The company has a market cap of C$338.01 million, a P/E ratio of -48.00 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.