PPX Mining (CVE:PPX) Stock Price Up 37.1% - What's Next?

Key Points

• PPX Mining Corp. (CVE:PPX) experienced a stock price increase of 37.1%, closing at C$0.48 after reaching C$0.50 during trading.
• The trading volume surged to approximately 1.375 million shares, marking a 774% increase compared to the average daily volume.
• PPX Mining focuses on acquiring and exploring mineral properties in Peru, primarily targeting gold and silver deposits at its flagship Igor project.

PPX Mining Corp. (CVE:PPX - ) rose 37.1% during mid-day trading on Thursday . The stock traded as high as C$0.50 and last traded at C$0.48. Approximately 1,375,527 shares were traded during trading, an increase of 774% from the average daily volume of 157,391 shares. The stock had previously closed at C$0.35.

PPX Mining Price Performance

The company has a market cap of C$330.97 million, a price-to-earnings ratio of -47.00 and a beta of 2.31. The company has a debt-to-equity ratio of 373.74, a quick ratio of 0.36 and a current ratio of 0.93. The company has a 50-day simple moving average of C$0.17 and a 200-day simple moving average of C$0.11.

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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