PPX Mining (CVE:PPX) Stock Price Up 28.6% – Still a Buy?

PPX Mining Corp. (CVE:PPXGet Free Report)’s share price rose 28.6% during mid-day trading on Friday . The company traded as high as C$0.05 and last traded at C$0.05. Approximately 160,000 shares changed hands during trading, an increase of 60% from the average daily volume of 99,757 shares. The stock had previously closed at C$0.04.

PPX Mining Trading Up 28.6 %

The company has a market capitalization of C$30.61 million, a price-to-earnings ratio of -4.50 and a beta of 0.68. 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 business’s 50 day moving average price is C$0.04 and its two-hundred day moving average price is C$0.04.

PPX Mining Company Profile

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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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