PPX Mining (CVE:PPX) Shares Up 37.1% - Time to Buy?

Key Points

• PPX Mining Corp. shares surged by 37.1% on Thursday, climbing from a previous closing price of C$0.35 to C$0.48, with trading volume hitting 1,375,527 shares, an increase of 774% compared to its average volume.
• The company's financial ratios indicate a high debt-to-equity ratio of 373.74, with a current ratio of 0.93 and a quick ratio of 0.36, raising some concerns about its financial stability.
• PPX Mining focuses on the exploration and evaluation of gold and silver deposits in Peru, with its most notable project being the 100% owned Igor property covering approximately 1,300 hectares.

PPX Mining Corp. (CVE:PPX - )'s stock price rose 37.1% on Thursday . The company traded as high as C$0.50 and last traded at C$0.48. Approximately 1,375,527 shares traded hands during 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 firm has a market capitalization of C$330.97 million, a price-to-earnings ratio of -47.00 and a beta of 2.31. The stock's 50 day moving average price is C$0.17 and its two-hundred day moving average price is C$0.11.

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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