PPX Mining (CVE:PPX) Stock Price Crosses Below 200-Day Moving Average – Here’s Why

PPX Mining Corp. (CVE:PPX) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.04 and traded as low as C$0.04. PPX Mining shares last traded at C$0.04, with a volume of 89,000 shares changing hands.

PPX Mining Stock Up 16.7 %

The firm has a 50-day moving average of C$0.04 and a two-hundred day moving average of C$0.04. The company has a quick ratio of 0.36, a current ratio of 0.93 and a debt-to-equity ratio of 373.74. The company has a market capitalization of C$23.81 million, a PE ratio of -3.50 and a beta of 0.68.

PPX Mining Company Profile

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.