PPX Mining (CVE:PPX) Shares Up 28.6% – Time to Buy?

PPX Mining Corp. (CVE:PPXGet Free Report)’s share price shot up 28.6% during trading on Thursday . The stock traded as high as C$0.05 and last traded at C$0.05. 160,000 shares traded hands during trading, an increase of 60% from the average session volume of 99,757 shares. The stock had previously closed at C$0.04.

PPX Mining Price Performance

The company’s 50-day simple moving average is C$0.04 and its 200 day simple moving average is C$0.04. The stock has a market capitalization of C$27.21 million, a price-to-earnings ratio of -4.00 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.

PPX Mining Company Profile

(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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