PJX Resources (CVE:PJX) Trading Up 47.4% – Should You Buy?

PJX Resources Inc. (CVE:PJX – Get Free Report) was up 47.4% during trading on Friday . The stock traded as high as C$0.16 and last traded at C$0.14. Approximately 1,231,800 shares changed hands during trading, an increase of 2,143% from the average daily volume of 54,913 shares. The stock had previously closed at C$0.10.

PJX Resources Price Performance

The stock has a 50-day moving average of C$0.09 and a two-hundred day moving average of C$0.12. The firm has a market cap of C$26.17 million, a price-to-earnings ratio of -7.00 and a beta of -0.30. The company has a current ratio of 20.83, a quick ratio of 9.00 and a debt-to-equity ratio of 0.21.

PJX Resources Company Profile

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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.

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