Pelangio Exploration (CVE:PX) Trading Up 39.1% – Time to Buy?

Pelangio Exploration Inc. (CVE:PXGet Free Report)’s stock price was up 39.1% during trading on Wednesday . The stock traded as high as C$0.17 and last traded at C$0.16. Approximately 691,665 shares changed hands during mid-day trading, an increase of 502% from the average session volume of 114,985 shares. The stock had previously closed at C$0.12.

Pelangio Exploration Price Performance

The company has a current ratio of 0.41, a quick ratio of 1.00 and a debt-to-equity ratio of 22.75. The firm’s 50-day moving average price is C$0.14 and its two-hundred day moving average price is C$0.18. The stock has a market cap of C$38.98 million, a PE ratio of -15.50 and a beta of 2.08.

Pelangio Exploration Company Profile

(Get Free Report)

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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