PPX Mining (CVE:PPX) Shares Up 37.1% - Still a Buy?

Key Points

• PPX Mining Corp. shares surged 37.1% during mid-day trading, reaching a high of C$0.50 before last trading at C$0.48.
• The trading volume increased 774% compared to its average session, with 1,375,527 shares changing hands.
• The company's market capitalization stands at C$338.01 million and it primarily focuses on gold and silver exploration in Peru.

PPX Mining Corp. (CVE:PPX - ) shares shot up 37.1% during mid-day trading on Wednesday . The stock 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 Performance

The stock has a market capitalization of C$338.01 million, a PE ratio of -48.00 and a beta of 2.31. The firm's fifty day moving average is C$0.17 and its 200-day moving average is C$0.10. The company has a current ratio of 0.93, a quick ratio of 0.36 and a debt-to-equity ratio of 373.74.

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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