PPX Mining (CVE:PPX) Trading 13.2% Higher – Here’s Why

PPX Mining Corp. (CVE:PPXGet Free Report) rose 13.2% on Tuesday . The stock traded as high as C$0.22 and last traded at C$0.22. Approximately 195,000 shares changed hands during trading, an increase of 47% from the average daily volume of 132,616 shares. The stock had previously closed at C$0.19.

PPX Mining Stock Up 13.2%

The firm has a 50 day moving average price of C$0.25 and a 200-day moving average price of C$0.29. The company has a current ratio of 0.93, a quick ratio of 0.36 and a debt-to-equity ratio of 373.74. The firm has a market cap of C$186.92 million, a PE ratio of -5.38 and a beta of 1.52.

About PPX Mining

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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.

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