Pelangio Exploration (CVE:PX) Shares Up 33.3% – Here’s What Happened

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

Pelangio Exploration Trading Down 6.3 %

The company has a debt-to-equity ratio of 22.75, a quick ratio of 1.00 and a current ratio of 0.41. The firm has a market capitalization of C$12.84 million, a P/E ratio of -2.00 and a beta of 0.81. The firm has a 50 day simple moving average of C$0.05 and a two-hundred day simple moving average of C$0.04.

Pelangio Exploration Company Profile

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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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