PJX Resources (CVE:PJX) Trading Up 47.4% – Should You Buy?

PJX Resources Inc. (CVE:PJX)’s share price was up 47.4% on Thursday . The company traded as high as C$0.16 and last traded at C$0.14. Approximately 1,231,800 shares changed hands during mid-day trading, an increase of 2,143% from the average daily volume of 54,913 shares. The stock had previously closed at C$0.10.

PJX Resources Price Performance

The firm’s 50-day moving average is C$0.09 and its two-hundred day moving average is C$0.12. The company has a debt-to-equity ratio of 0.21, a quick ratio of 9.00 and a current ratio of 20.83. The stock has a market cap of C$26.17 million, a P/E ratio of -7.00 and a beta of -0.30.

PJX Resources Company Profile

PJX Resources Inc engages in the acquisition, exploration, and development of mineral resource properties in Canada. The company primarily explores for gold, silver, zinc, lead, cobalt, and copper deposits. Its flagship mineral property is the Dewdney Trail property covers an area of approximately 10,000 hectares located in northeast of Cranbrook, British Columbia.