PPX Mining (CVE:PPX) Trading Up 37.1% - Here's What Happened

Key Points

• PPX Mining Corp. shares surged 37.1% on Thursday, reaching a high of C$0.50, with trading volume increasing by 774% compared to its average daily volume.
• The company has a market capitalization of C$330.97 million and a high debt-to-equity ratio of 373.74, indicating significant leverage.
• PPX Mining is focused on acquiring and exploring mineral properties in Peru, primarily targeting gold and silver deposits through its flagship Igor project.

PPX Mining Corp. (CVE:PPX - ) shares were up 37.1% on Thursday . The stock traded as high as C$0.50 and last traded at C$0.48. Approximately 1,375,527 shares changed hands during trading, an increase of 774% from the average daily 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 stock has a market capitalization of C$330.97 million, a P/E ratio of -47.00 and a beta of 2.31. The company has a 50-day moving average price of C$0.17 and a two-hundred day moving average price 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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