PPX Mining (CVE:PPX) Shares Up 50% – What’s Next?

PPX Mining Corp. (CVE:PPX)’s stock price rose 50% during mid-day trading on Wednesday . The stock traded as high as C$0.05 and last traded at C$0.05. Approximately 395,500 shares traded hands during trading, an increase of 207% from the average daily volume of 128,680 shares. The stock had previously closed at C$0.03.

PPX Mining Trading Up 50.0 %

The stock has a 50-day moving average price of C$0.04 and a 200-day moving average price of C$0.04. The company has a debt-to-equity ratio of 373.74, a quick ratio of 0.36 and a current ratio of 0.93. The stock has a market cap of C$30.61 million, a P/E ratio of -4.50 and a beta of 0.68.

PPX Mining Company Profile

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.