PPX Mining (CVE:PPX) Stock Price Up 20% – Still a Buy?

PPX Mining Corp. (CVE:PPX) shares rose 20% during trading on Wednesday . The stock traded as high as C$0.24 and last traded at C$0.24. Approximately 105,000 shares changed hands during mid-day trading, a decline of 28% from the average daily volume of 145,729 shares. The stock had previously closed at C$0.20.

PPX Mining Stock Performance

The stock has a market cap of C$213.09 million, a price-to-earnings ratio of -5.00 and a beta of 2.12. The stock’s 50-day simple moving average is C$0.28 and its two-hundred day simple moving average is C$0.29. The company has a debt-to-equity ratio of 373.74, a quick ratio of 0.36 and a current ratio of 0.93.

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. 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.