PPX Mining (CVE:PPX) Stock Price Down 25% – What’s Next?

PPX Mining Corp. (CVE:PPX)’s share price dropped 25% during trading on Friday . The company traded as low as C$0.03 and last traded at C$0.03. Approximately 281,000 shares traded hands during mid-day trading, an increase of 155% from the average daily volume of 110,174 shares. The stock had previously closed at C$0.04.

PPX Mining Stock Performance

The company has a debt-to-equity ratio of 373.74, a current ratio of 0.93 and a quick ratio of 0.36. The business has a 50-day moving average of C$0.04 and a 200-day moving average of C$0.04. The company has a market capitalization of C$23.81 million, a P/E ratio of -3.50 and a beta of 0.68.

About PPX Mining

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.