Pelangio Exploration (CVE:PX) Shares Up 33.3% – Still a Buy?

Pelangio Exploration Inc. (CVE:PXGet Free Report)’s stock price rose 33.3% during mid-day trading on Wednesday . The stock traded as high as C$0.08 and last traded at C$0.08. Approximately 409,927 shares were traded during mid-day trading, an increase of 207% from the average daily volume of 133,671 shares. The stock had previously closed at C$0.06.

Pelangio Exploration Trading Up 33.3 %

The company has a current ratio of 0.41, a quick ratio of 1.00 and a debt-to-equity ratio of 22.75. The company has a market cap of C$13.69 million, a PE ratio of -2.00 and a beta of 0.81. The stock has a 50 day moving average price of C$0.05 and a 200 day moving average price of C$0.04.

Pelangio Exploration Company Profile

(Get Free Report)

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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