Pelangio Exploration (CVE:PX) Shares Up 50% – Here’s Why

Pelangio Exploration Inc. (CVE:PXGet Free Report) was up 50% during trading on Friday . The stock traded as high as C$0.06 and last traded at C$0.06. Approximately 1,882,150 shares traded hands during trading, an increase of 1,636% from the average daily volume of 108,432 shares. The stock had previously closed at C$0.04.

Pelangio Exploration Price Performance

The stock has a 50-day moving average of C$0.04 and a two-hundred day moving average of C$0.03. The firm has a market cap of C$11.98 million, a price-to-earnings ratio of -2.00 and a beta of 0.81. The company has a current ratio of 0.41, a quick ratio of 1.00 and a debt-to-equity ratio of 22.75.

Pelangio Exploration Company Profile

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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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