Pelangio Exploration Inc. (CVE:PX – Get Free Report) shares shot up 50% during mid-day trading on Friday . The company traded as high as C$0.06 and last traded at C$0.06. 1,882,150 shares were traded during trading, an increase of 1,636% from the average session volume of 108,432 shares. The stock had previously closed at C$0.04.
Pelangio Exploration Price Performance
The company has a market cap of C$11.98 million, a PE ratio of -2.00 and a beta of 0.81. The business’s 50 day moving average price is C$0.04 and its 200-day moving average price is C$0.03. The company has a quick ratio of 1.00, a current ratio of 0.41 and a debt-to-equity ratio of 22.75.
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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