Pelangio Exploration (CVE:PX) Stock Price Down 12.9% – Here’s Why

Pelangio Exploration Inc. (CVE:PXGet Free Report) shares dropped 12.9% during mid-day trading on Wednesday . The stock traded as low as C$0.13 and last traded at C$0.14. Approximately 115,949 shares were traded during trading, a decline of 3% from the average daily volume of 119,077 shares. The stock had previously closed at C$0.15.

Pelangio Exploration Price Performance

The stock’s fifty day moving average price is C$0.15 and its 200-day moving average price is C$0.16. The firm has a market cap of C$34.05 million, a PE ratio of -13.50 and a beta of 2.22. 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

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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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