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

PPX Mining Corp. (CVE:PPXGet Free Report)’s stock price shot up 50% on Wednesday . 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 Stock Performance

The company has a current ratio of 0.93, a quick ratio of 0.36 and a debt-to-equity ratio of 373.74. 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 price is C$0.04 and its two-hundred day moving average price is C$0.04.

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.

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