PPX Mining (CVE:PPX) Stock Price Down 22.2% - Here's Why

Key Points

• PPX Mining Corp.'s stock price fell by 22.2% on Friday, with shares trading as low as C$0.33 before closing at C$0.35.
• The increase in trading volume reached 919,455 shares, which is 443% higher than its average.
• The company's financial metrics include a debt-to-equity ratio of 373.74 and a market capitalization of C$260.55 million.

PPX Mining Corp. (CVE:PPX - ) traded down 22.2% during trading on Friday . The stock traded as low as C$0.33 and last traded at C$0.35. 919,455 shares changed hands during trading, an increase of 443% from the average session volume of 169,427 shares. The stock had previously closed at C$0.45.

PPX Mining Price Performance

The company has a quick ratio of 0.36, a current ratio of 0.93 and a debt-to-equity ratio of 373.74. The firm's 50 day simple moving average is C$0.18 and its 200 day simple moving average is C$0.11. The company 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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