PPX Mining (CVE:PPX) Trading Down 22.2% - What's Next?

Key Points

• PPX Mining Corp. experienced a significant stock drop of 22.2% to C$0.35, with trading volume increasing to approximately 919,455 shares, well above its average daily volume.
• The company's market capitalization is C$260.55 million, and it has a debt-to-equity ratio of 373.74, indicating high leverage.
• PPX Mining focuses on the acquisition and exploration of mineral properties in Peru, primarily targeting gold and silver deposits at its flagship Igor project.

PPX Mining Corp. (CVE:PPX - ) dropped 22.2% on Friday . The company traded as low as C$0.33 and last traded at C$0.35. Approximately 919,455 shares traded hands during trading, an increase of 443% from the average daily volume of 169,427 shares. The stock had previously closed at C$0.45.

PPX Mining Price Performance

The business's 50 day moving average is C$0.18 and its two-hundred day moving average is C$0.11. The firm has a market cap of C$260.55 million, a P/E ratio of -37.00 and a beta of 2.31. The company has a quick ratio of 0.36, a current ratio of 0.93 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.

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