Shares of PPX Mining Corp. (CVE:PPX – Get Free Report) dropped 16.3% on Tuesday . The stock traded as low as C$0.19 and last traded at C$0.21. Approximately 202,250 shares were traded during mid-day trading, an increase of 45% from the average daily volume of 139,118 shares. The stock had previously closed at C$0.25.
PPX Mining Price 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 firm has a fifty day moving average of C$0.26 and a two-hundred day moving average of C$0.29. The stock has a market capitalization of C$187.52 million, a P/E ratio of -4.40 and a beta of 2.12.
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.
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