Pioneering Technology (CVE:PTE) Shares Up 100% – Here’s Why

Pioneering Technology Corp. (CVE:PTEGet Free Report)’s stock price shot up 100% during mid-day trading on Thursday . The stock traded as high as C$0.02 and last traded at C$0.02. 473,020 shares changed hands during trading, an increase of 634% from the average session volume of 64,438 shares. The stock had previously closed at C$0.01.

Pioneering Technology Trading Up 100.0%

The company has a quick ratio of 1.55, a current ratio of 2.90 and a debt-to-equity ratio of 42.72. The company has a market cap of C$1.12 million, a P/E ratio of -1.00 and a beta of 0.04. The business has a 50-day moving average price of C$0.01 and a two-hundred day moving average price of C$0.01.

About Pioneering Technology

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Pioneering Technology Corp., an energy smart technology and consumer products company, engages in the development, manufacture, and sale of cooking fire prevention products in Canada and the United States. It offers SmartBurner, a plug-and-play solution for electric coil stoves; SmartRange, an electric glass-top stove solution; Smart Element cooking system; and Smart Micro, a microwave safety solution, as well as Safe-T-sensor. The company also provides accessories comprising SmartBurner polish, standard ring replacement set, and low profile ring replacement set.

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