Shares of Pelangio Exploration Inc. (CVE:PX – Get Free Report) were up 25% during mid-day trading on Wednesday . The company traded as high as C$0.08 and last traded at C$0.08. Approximately 205,000 shares changed hands during trading, an increase of 60% from the average daily volume of 128,000 shares. The stock had previously closed at C$0.06.
Pelangio Exploration Stock Performance
The company has a market capitalization of C$13.69 million, a P/E ratio of -2.00 and a beta of 0.81. The company has a 50-day simple moving average of C$0.05 and a 200 day simple moving average of C$0.04. The company has a debt-to-equity ratio of 22.75, a quick ratio of 1.00 and a current ratio of 0.41.
About Pelangio Exploration
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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