Pelangio Exploration (CVE:PX) Trading Up 25% – Should You Buy?

Pelangio Exploration Inc. (CVE:PXGet Free Report) traded up 25% during trading on Wednesday . The company traded as high as C$0.08 and last traded at C$0.08. 408,927 shares changed hands during trading, an increase of 206% from the average session volume of 133,635 shares. The stock had previously closed at C$0.06.

Pelangio Exploration Price Performance

The stock has a market capitalization of C$13.69 million, a PE ratio of -2.00 and a beta of 0.81. The company has a debt-to-equity ratio of 22.75, a current ratio of 0.41 and a quick ratio of 1.00. The firm’s 50 day simple moving average is C$0.05 and its 200 day simple moving average is C$0.04.

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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