PPX Mining (CVE:PPX) Trading 37.1% Higher - Here's Why

Key Points

• PPX Mining Corp. shares rose 37.1%, trading as high as C$0.50, with significant trading volume increasing by 774% compared to the average session.
• The company's market capitalization stands at C$330.97 million, and it has a debt-to-equity ratio of 373.74.
• PPX Mining specializes in the acquisition and exploration of gold and silver deposits in Peru, with its flagship property being the 100% owned Igor project covering approximately 1,300 hectares.

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

PPX Mining Stock 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 has a market cap of C$327.44 million, a price-to-earnings ratio of -46.50 and a beta of 2.31. The company has a 50 day moving average of C$0.17 and a 200 day 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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