PPX Mining (CVE:PPX) Stock Jumps 2.4% – Time to Buy?

PPX Mining Corp. (CVE:PPX)’s stock price was up 2.4% during trading on Friday. The company traded as high as C$0.21 and last traded at C$0.21. 6,000 shares were traded during mid-day trading, a decline of 95% from the average session volume of 112,617 shares. The stock had previously closed at C$0.20.

PPX Mining Stock Up 2.4%

The firm has a market cap of C$188.96 million, a price-to-earnings ratio of -7.00 and a beta of 2.30. The firm’s 50 day moving average price is C$0.24 and its two-hundred day moving average price is C$0.25. The company has a debt-to-equity ratio of 373.74, a current ratio of 0.93 and a quick ratio of 0.36.

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. 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.