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

Pioneering Technology Corp. (CVE:PTE) shot up 100% on Friday . The company traded as high as C$0.02 and last traded at C$0.02. 671,020 shares traded hands during mid-day trading, an increase of 268% from the average session volume of 182,193 shares. The stock had previously closed at C$0.01.

Pioneering Technology Price Performance

The stock has a market capitalization of C$1.12 million, a price-to-earnings ratio of -1.00 and a beta of 0.04. The company has a fifty day simple moving average of C$0.01 and a 200 day simple moving average of C$0.01. The company has a debt-to-equity ratio of 42.72, a quick ratio of 1.55 and a current ratio of 2.90.

About Pioneering Technology

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.