PPX Mining (CVE:PPX) Trading Down 17.8% - What's Next?

Key Points

• PPX Mining Corp.'s stock price experienced a significant decline of 17.8%, trading as low as C$0.33 during mid-day trading on Friday.
• The company has a market capitalization of C$260.55 million and a notably high debt-to-equity ratio of 373.74, indicating potential financial risks.
• PPX Mining is focused on the exploration of gold and silver deposits in Peru, with its flagship property being the Igor project covering approximately 1,300 hectares.

PPX Mining Corp. (CVE:PPX - )'s stock price dropped 17.8% during mid-day trading on Friday . The stock traded as low as C$0.33 and last traded at C$0.37. Approximately 927,955 shares were traded during mid-day trading, an increase of 446% from the average daily volume of 170,061 shares. The stock had previously closed at C$0.45.

PPX Mining Price Performance

The firm has a market capitalization of C$260.55 million, a PE ratio of -37.00 and a beta of 2.31. The company has a debt-to-equity ratio of 373.74, a current ratio of 0.93 and a quick ratio of 0.36. The firm has a 50-day simple moving average of C$0.18 and a 200-day simple moving average of C$0.11.

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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