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PPX Mining (CVE:PPX) Stock Price Up 4.8% - Still a Buy?

PPX Mining logo with Basic Materials background

Key Points

  • PPX Mining Corp. shares rose 4.8% to a trading high of C$0.11, with a significant volume increase of 81% compared to the average session volume.
  • The company has a market cap of C$81.62 million and operates primarily in gold and silver exploration through its flagship Igor project in Peru.
  • PPX Mining has a debt-to-equity ratio of 373.74, indicating a high level of debt in comparison to equity, which may raise concerns for potential investors.
  • Five stocks to consider instead of PPX Mining.

PPX Mining Corp. (CVE:PPX - Get Free Report)'s share price was up 4.8% during mid-day trading on Friday . The company traded as high as C$0.11 and last traded at C$0.11. Approximately 178,000 shares traded hands during trading, an increase of 81% from the average daily volume of 98,470 shares. The stock had previously closed at C$0.11.

PPX Mining Price Performance

The stock has a market capitalization of C$85.02 million, a price-to-earnings ratio of -12.50 and a beta of 0.68. 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 business's 50 day simple moving average is C$0.10 and its 200-day simple moving average is C$0.07.

About PPX Mining

(Get Free Report)

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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