PJX Resources (CVE:PJX) Shares Up 45.5% – Still a Buy?

PJX Resources Inc. (CVE:PJXGet Free Report)’s share price shot up 45.5% during mid-day trading on Friday . The company traded as high as C$0.18 and last traded at C$0.16. 118,428 shares traded hands during trading, an increase of 36% from the average session volume of 87,214 shares. The stock had previously closed at C$0.11.

PJX Resources Trading Up 45.5 %

The firm’s 50-day moving average price is C$0.11 and its 200 day moving average price is C$0.18. The company has a market cap of C$27.92 million, a price-to-earnings ratio of -5.33 and a beta of 0.67. The company has a current ratio of 20.83, a quick ratio of 9.00 and a debt-to-equity ratio of 0.21.

About PJX Resources

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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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