Pelangio Exploration (CVE:PX) Stock Price Up 2.5% – Here’s Why

Pelangio Exploration Inc. (CVE:PXGet Free Report)’s share price rose 2.5% during mid-day trading on Monday . The company traded as high as C$0.22 and last traded at C$0.21. Approximately 58,200 shares were traded during mid-day trading, a decline of 71% from the average daily volume of 203,706 shares. The stock had previously closed at C$0.20.

Pelangio Exploration Price Performance

The stock has a market cap of C$49.94 million, a PE ratio of -2.00 and a beta of 1.80. The business’s 50-day simple moving average is C$0.25 and its 200-day simple moving average is C$0.21. 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

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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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