PPX Mining (CVE:PPX) Stock Passes Above 200 Day Moving Average – Here’s Why

PPX Mining Corp. (CVE:PPXGet Free Report)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$0.24 and traded as high as C$0.40. PPX Mining shares last traded at C$0.37, with a volume of 88,920 shares changing hands.

PPX Mining Price Performance

The firm has a 50-day simple moving average of C$0.31 and a 200-day simple moving average of C$0.24. The firm has a market capitalization of C$311.32 million, a PE ratio of -37.00 and a beta of 1.57. The company has a debt-to-equity ratio of 373.74, a current ratio of 0.93 and a quick ratio of 0.36.

PPX Mining Company Profile

(Get Free Report)

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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