PPX Mining (CVE:PPX) Trading Up 27.1% - Here's What Happened

Key Points

• PPX Mining Corp.'s stock surged 27.1% to C$0.45 during trading on Wednesday, significantly increasing its trading volume by 210% compared to the average session.
• The company has a market cap of C$338.01 million, a price-to-earnings ratio of -48.00, and a notably high debt-to-equity ratio of 373.74.
• PPX Mining focuses on the acquisition, exploration, and evaluation of mineral properties in Peru, particularly gold and silver, with its flagship project being the Igor project.

PPX Mining Corp. (CVE:PPX - )'s stock price shot up 27.1% during trading on Wednesday . The stock traded as high as C$0.45 and last traded at C$0.45. 463,549 shares changed hands during mid-day trading, an increase of 210% from the average session volume of 149,678 shares. The stock had previously closed at C$0.35.

PPX Mining Trading Up 37.1%

The company's 50-day moving average is C$0.17 and its 200-day moving average is C$0.10. The firm has a market cap of C$338.01 million, a price-to-earnings ratio of -48.00 and a beta of 2.31. The company has a debt-to-equity ratio of 373.74, a quick ratio of 0.36 and a current ratio of 0.93.

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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