PJX Resources (CVE:PJX) Trading Up 18.5% – Still a Buy?

Shares of PJX Resources Inc. (CVE:PJX) rose 18.5% during mid-day trading on Thursday . The company traded as high as C$0.16 and last traded at C$0.16. 1,899,398 shares were traded during trading, an increase of 2,076% from the average daily volume of 87,300 shares. The stock had previously closed at C$0.14.

PJX Resources Stock Up 18.5%

The stock has a market capitalization of C$29.91 million, a P/E ratio of -16.00 and a beta of -0.54. The company has a debt-to-equity ratio of 0.21, a current ratio of 20.83 and a quick ratio of 9.00. The stock has a fifty day moving average price of C$0.14 and a 200 day moving average price of C$0.15.

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.