Pelangio Exploration Inc. (CVE:PX – Get Free Report)’s share price shot up 25% during mid-day trading on Thursday . The company traded as high as C$0.05 and last traded at C$0.05. 1,404,150 shares were traded during trading, an increase of 1,376% from the average session volume of 95,154 shares. The stock had previously closed at C$0.04.
Pelangio Exploration Price Performance
The stock’s 50-day moving average price is C$0.04 and its 200 day moving average price is C$0.03. The company has a quick ratio of 1.00, a current ratio of 0.41 and a debt-to-equity ratio of 22.75. The firm has a market capitalization of C$10.27 million, a price-to-earnings ratio of -2.00 and a beta of 0.81.
About Pelangio Exploration
Pelangio Exploration Inc, a mineral exploration company, engages in acquiring, exploring, and developing mineral properties. It holds interests in various gold properties in Ghana and Canada. The company was incorporated in 2008 and is headquartered in Toronto, Canada.
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