PPX Mining (CVE:PPX) Trading Up 22.2% – Still a Buy?

PPX Mining Corp. (CVE:PPXGet Free Report)’s share price traded up 22.2% during mid-day trading on Friday . The company traded as high as C$0.28 and last traded at C$0.28. Approximately 425,052 shares were traded during trading, an increase of 245% from the average daily volume of 123,272 shares. The stock had previously closed at C$0.23.

PPX Mining Stock Up 22.2%

The firm’s 50-day moving average price is C$0.21 and its 200 day moving average price is C$0.25. The company has a market capitalization of C$239.09 million, a price-to-earnings ratio of -6.88 and a beta of 1.69. The company has a current ratio of 0.93, a quick ratio of 0.36 and a debt-to-equity ratio of 373.74.

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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