PPX Mining (CVE:PPX) Shares Up 14.3% - Still a Buy?

Key Points

• PPX Mining Corp. shares experienced a significant increase of 14.3% during trading, reaching a peak of C$0.13 before closing at C$0.12.
• The stock saw a trading volume surge of 268%, with 369,336 shares traded compared to its average volume of 100,383 shares.
• PPX Mining is an exploration company focused on gold and silver deposits in Peru, with its primary asset being the Igor project covering approximately 1,300 hectares.

PPX Mining Corp. (CVE:PPX - Get Free Report) shares traded up 14.3% on Friday . The stock traded as high as C$0.13 and last traded at C$0.12. 369,336 shares changed hands during trading, an increase of 268% from the average session volume of 100,383 shares. The stock had previously closed at C$0.11.

PPX Mining Stock Performance

The business's fifty day moving average price is C$0.10 and its 200-day moving average price is C$0.07. The company has a debt-to-equity ratio of 373.74, a current ratio of 0.93 and a quick ratio of 0.36. The stock has a market capitalization of C$85.02 million, a PE ratio of -12.50 and a beta of 0.68.

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.