PPX Mining (CVE:PPX) Shares Up 28.6% – Here’s Why

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

PPX Mining Stock Performance

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

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.

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