PJX Resources (CVE:PJX) Shares Up 47.4% – Time to Buy?

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

PJX Resources Stock Performance

The stock has a 50 day simple moving average of C$0.09 and a 200 day simple moving average of C$0.12. The company has a quick ratio of 9.00, a current ratio of 20.83 and a debt-to-equity ratio of 0.21. The company has a market cap of C$26.17 million, a price-to-earnings ratio of -7.00 and a beta of -0.30.

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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