PJX Resources (CVE:PJX) Trading Up 45.5% – Should You Buy?

PJX Resources Inc. (CVE:PJX) shares 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 mid-day 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 Stock Performance

The company has a debt-to-equity ratio of 0.21, a current ratio of 20.83 and a quick ratio of 9.00. The business has a 50-day moving average of C$0.11 and a 200-day moving average of C$0.18. The company has a market capitalization of C$27.92 million, a P/E ratio of -5.33 and a beta of 0.67.

PJX Resources Company Profile

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.