PJX Resources (CVE:PJX) Trading Up 12.5% – Here’s Why

Shares of PJX Resources Inc. (CVE:PJX) were up 12.5% during trading on Wednesday . The company traded as high as C$0.14 and last traded at C$0.14. Approximately 146,200 shares were traded during mid-day trading, an increase of 235% from the average daily volume of 43,630 shares. The stock had previously closed at C$0.12.

PJX Resources Price Performance

The company has a debt-to-equity ratio of 0.21, a quick ratio of 9.00 and a current ratio of 20.83. The business’s 50 day moving average is C$0.15 and its 200 day moving average is C$0.14. The company has a market capitalization of C$25.23 million, a price-to-earnings ratio of -13.50 and a beta of -0.54.

PJX Resources Company Profile

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. It also holds 100% interest in the Vine, the Gold Shear, the DD, the Eddy, the Parker Copper, the Zinger, and the West Basin projects located in the Cranbrook area of British Columbia, Canada.