PJX Resources (CVE:PJX) Trading 45.5% Higher – Time to Buy?

PJX Resources Inc. (CVE:PJXGet Free Report) shares were up 45.5% during mid-day trading on Saturday . The stock traded as high as C$0.18 and last traded at C$0.16. Approximately 118,428 shares changed hands during mid-day trading, an increase of 36% from the average daily volume of 87,214 shares. The stock had previously closed at C$0.11.

PJX Resources Price Performance

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

About PJX Resources

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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.

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