PPX Mining (CVE:PPX) Stock Price Crosses Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• PPX Mining Corp. shares have surpassed the 200-day moving average, trading as high as C$0.11 with a current share price of C$0.11.
• The company has a market cap of C$74.82 million, a debt-to-equity ratio of 373.74, and is currently in an exploration stage focusing on gold and silver deposits in Peru.
• PPX Mining's financial ratios include a current ratio of 0.93 and a quick ratio of 0.36, indicating potential liquidity challenges.

Shares of PPX Mining Corp. (CVE:PPX - ) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$0.06 and traded as high as C$0.11. PPX Mining shares last traded at C$0.11, with a volume of 14,500 shares changing hands.

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 company has a market cap of C$74.82 million, a P/E ratio of -11.00 and a beta of 0.68. The company has a 50 day moving average price of C$0.09 and a 200-day moving average price of C$0.06.

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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