Platinex Inc (CVE:PTX – Get Free Report)’s share price shot up 16.7% during trading on Tuesday. The company traded as high as C$0.07 and last traded at C$0.07. 178,442 shares traded hands during mid-day trading, a decline of 50% from the average daily volume of 354,211 shares. The stock had previously closed at C$0.06.
Platinex Price Performance
The firm’s 50 day moving average price is C$0.08 and its 200 day moving average price is C$0.11. The stock has a market capitalization of C$16.31 million, a P/E ratio of -1.40 and a beta of 1.50.
Platinex Company Profile
Platinex Inc is an exploration and evaluation-stage company. The Company is engaged in the acquisition, exploration and development of properties for the mining of precious and base metals. Its properties include Shining Tree Gold Property, Herrick Deposit, Nabish Lake and South McFaulds. The Company holds interest in approximately 140 claims (over 5,680 acres) in Shining Tree Gold Property, situated in Churchill, MacMurchy and Asquith Townships in Ontario. The Nabish Lake nickel-copper-Platinum-group element (Ni-Cu-PGE) property is located approximately 20 kilometers south of the Town of Dryden, Ontario.
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