PPX Mining (CVE:PPX) Share Price Passes Above 200-Day Moving Average – What’s Next?

PPX Mining Corp. (CVE:PPX)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$0.29 and traded as high as C$0.29. PPX Mining shares last traded at C$0.29, with a volume of 76,168 shares changing hands.

PPX Mining Trading Down 7.0%

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 firm has a market capitalization of C$225.87 million, a PE ratio of -5.30 and a beta of 1.67. The stock’s 50-day simple moving average is C$0.32 and its 200-day simple moving average is C$0.29.

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. The company was formerly known as Peruvian Precious Metals Corp. and changed its name to PPX Mining Corp. in August 2016. The company was incorporated in 1987 and is headquartered in Toronto, Canada.