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

Key Points

• PPX Mining Corp. shares surged by 37.1% during trading, reaching a high of C$0.50, with trading volume increasing by 774% compared to its average daily volume.
• The company has a market cap of C$316.88 million and a high debt-to-equity ratio of 373.74, signaling potential financial concerns.
• PPX Mining is engaged in the acquisition and exploration of mineral properties in Peru, with its flagship asset being the Igor project, which covers approximately 1,300 hectares.

PPX Mining Corp. (CVE:PPX - ) was up 37.1% during trading on Thursday . 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 Down 6.2%

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 business has a 50-day moving average price of C$0.17 and a 200-day moving average price of C$0.11. The firm has a market cap of C$316.88 million, a P/E 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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