Pelangio Exploration (CVE:PX) Trading 33.3% Higher – Still a Buy?

Pelangio Exploration Inc. (CVE:PXGet Free Report)’s share price traded up 33.3% during mid-day trading on Wednesday . The company traded as high as C$0.08 and last traded at C$0.08. 409,927 shares were traded during trading, an increase of 207% from the average session volume of 133,671 shares. The stock had previously closed at C$0.06.

Pelangio Exploration Price Performance

The business’s 50 day simple moving average is C$0.05 and its 200-day simple moving average is C$0.04. The stock has a market capitalization of C$12.84 million, a price-to-earnings ratio of -2.00 and a beta of 0.81. The company has a quick ratio of 1.00, a current ratio of 0.41 and a debt-to-equity ratio of 22.75.

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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