PJX Resources (CVE:PJX) Shares Up 45.5% – Here’s What Happened

PJX Resources Inc. (CVE:PJX) rose 45.5% during mid-day trading on Friday . The stock traded as high as C$0.18 and last traded at C$0.16. Approximately 115,428 shares changed hands during trading, an increase of 38% from the average daily volume of 83,464 shares. The stock had previously closed at C$0.11.

PJX Resources Price Performance

The business’s 50 day moving average is C$0.11 and its 200-day moving average is C$0.18. The company has a quick ratio of 9.00, a current ratio of 20.83 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of C$27.92 million, a P/E ratio of -5.33 and a beta of 0.67.

PJX Resources Company Profile

PJX Resources Inc engages in the acquisition, exploration, and development of mineral resource properties in Canada. The company primarily explores for gold, silver, zinc, lead, cobalt, and copper deposits. Its flagship mineral property is the Dewdney Trail property covers an area of approximately 10,000 hectares located in northeast of Cranbrook, British Columbia.