Shares of Pelangio Exploration Inc. (CVE:PX – Get Free Report) rose 50% during mid-day trading on Friday . The company traded as high as C$0.06 and last traded at C$0.06. Approximately 1,882,150 shares changed 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 business has a 50-day moving average of C$0.04 and a 200 day moving average of C$0.03. The company has a current ratio of 0.41, a quick ratio of 1.00 and a debt-to-equity ratio of 22.75. The firm has a market capitalization of C$11.98 million, a P/E ratio of -2.00 and a beta of 0.81.
Pelangio Exploration Company Profile
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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