Pelangio Exploration Inc. (CVE:PX – Get Free Report) shares shot up 33.3% during mid-day trading on Thursday . The company traded as high as C$0.08 and last traded at C$0.08. 409,927 shares changed hands 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 Price Performance
The stock has a market cap of C$12.84 million, a price-to-earnings ratio of -2.00 and a beta of 0.81. The company’s 50 day moving average is C$0.05 and its 200 day moving average is C$0.04. The company has a debt-to-equity ratio of 22.75, a current ratio of 0.41 and a quick ratio of 1.00.
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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