PPX Mining (CVE:PPX) Trading Up 50% – Still a Buy?

PPX Mining Corp. (CVE:PPX)’s stock price rose 50% on Wednesday . The stock traded as high as C$0.05 and last traded at C$0.05. Approximately 395,500 shares traded hands during mid-day trading, an increase of 207% from the average daily volume of 128,680 shares. The stock had previously closed at C$0.03.

PPX Mining Stock Up 50.0 %

The stock has a market capitalization of C$30.61 million, a PE ratio of -4.50 and a beta of 0.68. The firm’s fifty day moving average is C$0.04 and its 200-day moving average is C$0.04. The company has a quick ratio of 0.36, a current ratio of 0.93 and a debt-to-equity ratio of 373.74.

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.