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PPX Mining (CVE:PPX) Shares Up 19% - Still a Buy?

PPX Mining logo with Basic Materials background

Key Points

  • PPX Mining Corp. experienced a significant price increase of 19%, reaching C$0.13, with trading volume spiking to 260,836 shares.
  • The company has a debt-to-equity ratio of 373.74, indicating high leverage, along with a market capitalization of C$81.62 million.
  • PPX Mining is focused on exploring mineral properties in Peru, particularly for gold and silver, with its flagship asset being the Igor project.
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PPX Mining Corp. (CVE:PPX - Get Free Report)'s stock price traded up 19% during trading on Friday . The stock traded as high as C$0.13 and last traded at C$0.13. 260,836 shares were traded during mid-day trading, an increase of 163% from the average session volume of 99,298 shares. The stock had previously closed at C$0.11.

PPX Mining Stock Performance

The stock's fifty day moving average price is C$0.10 and its two-hundred day moving average price is C$0.07. 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 market cap of C$85.02 million, a P/E ratio of -12.50 and a beta of 0.68.

PPX Mining Company Profile

(Get Free Report)

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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