PPX Mining (CVE:PPX) Trading Down 15.6% - Here's Why

Key Points

• PPX Mining Corp. experienced a significant stock decline of 15.6% on Friday, closing at C$0.38 after dropping as low as C$0.36.
• The company's trading volume was 51% higher than its average, with 247,344 shares traded in the session.
• PPX Mining, focused on exploring mineral properties in Peru, has a market capitalization of C$253.51 million and a high debt-to-equity ratio of 373.74.

PPX Mining Corp. (CVE:PPX - )'s stock price traded down 15.6% on Friday . The company traded as low as C$0.36 and last traded at C$0.38. 247,344 shares were traded during trading, an increase of 51% from the average session volume of 164,174 shares. The stock had previously closed at C$0.45.

PPX Mining Price Performance

The firm has a market capitalization of C$253.51 million, a PE ratio of -36.00 and a beta of 2.31. The business has a 50-day moving average of C$0.18 and a 200 day moving average of C$0.11. The company has a current ratio of 0.93, a quick ratio of 0.36 and a debt-to-equity ratio of 373.74.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.