PPX Mining (CVE:PPX) Trading Up 37.1% - Should You Buy?

Key Points

• PPX Mining Corp. experienced a **37.1% surge in share price**, reaching a high of C$0.50 during mid-day trading on Wednesday, up from a previous close of C$0.35.
• The company's **trading volume increased dramatically** by 786%, with 1,375,527 shares exchanged compared to an average of 155,336 shares.
• PPX Mining is an **exploration stage company** in Peru focused on acquiring and evaluating mineral properties, particularly its flagship Igor project with significant gold and silver deposits.

PPX Mining Corp. (CVE:PPX - )'s share price traded up 37.1% during mid-day trading on Wednesday . The company traded as high as C$0.50 and last traded at C$0.48. 1,375,527 shares were traded during mid-day trading, an increase of 786% from the average session volume of 155,336 shares. The stock had previously closed at C$0.35.

PPX Mining Stock Performance

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

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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