Pioneering Technology (CVE:PTE) Shares Up 50% – Here’s Why

Pioneering Technology Corp. (CVE:PTE)’s stock price was up 50% during trading on Thursday . The stock traded as high as C$0.02 and last traded at C$0.02. Approximately 583,020 shares traded hands during mid-day trading, an increase of 267% from the average daily volume of 158,693 shares. The stock had previously closed at C$0.01.

Pioneering Technology Price Performance

The business’s 50-day simple moving average is C$0.01 and its two-hundred day simple moving average is C$0.01. The stock has a market cap of C$1.12 million, a price-to-earnings ratio of -1.00 and a beta of 0.04. The company has a debt-to-equity ratio of 42.72, a current ratio of 2.90 and a quick ratio of 1.55.

Pioneering Technology Company Profile

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.