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

PPX Mining Corp. (CVE:PPX) rose 28.6% during trading on Thursday . The company traded as high as C$0.05 and last traded at C$0.05. Approximately 160,000 shares were traded during mid-day 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 Price Performance

The stock has a market cap of C$30.61 million, a P/E 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. The business has a 50 day simple moving average of C$0.04 and a 200-day simple moving average of C$0.04.

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.