PPX Mining (CVE:PPX) Stock Price Down 11.4% – Here’s Why

PPX Mining Corp. (CVE:PPXGet Free Report) shares fell 11.4% during trading on Thursday . The stock traded as low as C$0.20 and last traded at C$0.20. Approximately 147,550 shares changed hands during trading, an increase of 14% from the average daily volume of 129,945 shares. The stock had previously closed at C$0.22.

PPX Mining Stock Performance

The stock has a fifty day simple moving average of C$0.23 and a two-hundred day simple moving average of C$0.28. The stock has a market cap of C$169.53 million, a price-to-earnings ratio of -4.88 and a beta of 1.52. The company has a debt-to-equity ratio of 373.74, a quick ratio of 0.36 and a current ratio of 0.93.

About PPX Mining

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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. The company was formerly known as Peruvian Precious Metals Corp. and changed its name to PPX Mining Corp. in August 2016. The company was incorporated in 1987 and is headquartered in Toronto, Canada.

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