PPX Mining (CVE:PPX) Stock Price Down 17.8% - Here's What Happened

Key Points

• PPX Mining Corp. shares dropped by 17.8% during trading on Friday, falling to a low of C$0.33 before closing at C$0.37.
• The company has a market cap of C$274.63 million and a high debt-to-equity ratio of 373.74, indicating considerable financial leverage.
• PPX Mining focuses on the exploration and evaluation of gold and silver deposits in Peru, with its primary asset being the 100%-owned Igor project.

PPX Mining Corp. (CVE:PPX - )'s share price fell 17.8% during trading on Friday . The company traded as low as C$0.33 and last traded at C$0.37. 456,882 shares traded hands during mid-day trading, an increase of 174% from the average session volume of 166,509 shares. The stock had previously closed at C$0.45.

PPX Mining Stock Down 13.3%

The business has a 50-day moving average price of C$0.18 and a 200-day moving average price of C$0.11. The stock has a market cap of C$274.63 million, a PE ratio of -39.00 and a beta of 2.31. The company has a current ratio of 0.93, a quick ratio of 0.36 and a debt-to-equity ratio of 373.74.

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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