PPX Mining (CVE:PPX) Stock Price Up 40% - Still a Buy?

Key Points

• PPX Mining Corp.'s stock experienced a significant rise of 40%, trading at C$0.49 during mid-day on Wednesday, indicating strong investor interest.
• The company has a market cap of C$338.01 million and operates in the exploration of gold and silver minerals in Peru, focusing on its 100% owned Igor project.
• With a debt-to-equity ratio of 373.74 and a high beta of 2.31, PPX Mining presents a high-risk investment profile that potential buyers should consider.

PPX Mining Corp. (CVE:PPX - )'s share price rose 40% during mid-day trading on Wednesday . The company traded as high as C$0.49 and last traded at C$0.49. Approximately 995,507 shares changed hands during mid-day trading, an increase of 544% from the average daily volume of 154,512 shares. The stock had previously closed at C$0.35.

PPX Mining Stock Performance

The stock has a 50-day moving average of C$0.17 and a 200-day moving average of C$0.10. The firm has a market cap of C$338.01 million, a price-to-earnings ratio of -48.00 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.

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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