PPX Mining (CVE:PPX) Trading Up 37.1% - What's Next?

Key Points

• PPX Mining Corp. experienced a significant stock surge of 37.1%, with shares trading as high as C$0.50 during mid-day trading on Thursday.
• The company's trading volume increased dramatically, with approximately 1,375,527 shares changing hands, marking a 774% rise from the average daily volume.
• PPX Mining, focused on gold and silver exploration in Peru, has a market capitalization of C$327.44 million and a concerning debt-to-equity ratio of 373.74.

PPX Mining Corp. (CVE:PPX - ) rose 37.1% during mid-day trading on Thursday . The company traded as high as C$0.50 and last traded at C$0.48. Approximately 1,375,527 shares were traded 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 Price Performance

The company has a debt-to-equity ratio of 373.74, a quick ratio of 0.36 and a current ratio of 0.93. The business's 50 day simple moving average is C$0.17 and its 200-day simple moving average is C$0.11. The stock has a market capitalization of C$327.44 million, a price-to-earnings ratio of -46.50 and a beta of 2.31.

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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