PPX Mining (CVE:PPX) Shares Up 50% – Here’s Why

PPX Mining Corp. (CVE:PPXGet Free Report) shares shot up 50% during mid-day trading on Tuesday . The stock traded as high as C$0.05 and last traded at C$0.05. 395,500 shares traded hands during trading, an increase of 207% from the average session volume of 128,680 shares. The stock had previously closed at C$0.03.

PPX Mining Trading Up 50.0 %

The firm has a 50-day moving average of C$0.04 and a 200-day moving average of C$0.04. 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 firm has a market capitalization of C$30.61 million, a P/E ratio of -4.50 and a beta of 0.68.

PPX Mining Company Profile

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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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