PPX Mining (CVE:PPX) Stock Price Down 17.8% - Time to Sell?

Key Points

• PPX Mining Corp. shares fell 17.8% on Friday, trading as low as C$0.33 and closing at C$0.37.
• The stock's trading volume increased 446% compared to its average daily volume, indicating heightened trading activity.
• PPX Mining is focused on the exploration of gold and silver in Peru, with its flagship property being the 100% owned Igor project covering approximately 1,300 hectares.

Shares of PPX Mining Corp. (CVE:PPX - ) dropped 17.8% during trading on Friday . The company traded as low as C$0.33 and last traded at C$0.37. Approximately 927,955 shares changed hands during trading, an increase of 446% from the average daily volume of 170,061 shares. The stock had previously closed at C$0.45.

PPX Mining Trading Down 17.8%

The business's 50-day moving average is C$0.18 and its two-hundred day moving average is C$0.11. 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 stock has a market capitalization of C$260.55 million, a PE ratio of -37.00 and a beta of 2.31.

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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