Pioneering Technology (CVE:PTE) Trading Up 100% – What’s Next?

Pioneering Technology Corp. (CVE:PTEGet Free Report) shares rose 100% during mid-day trading on Thursday . The company traded as high as C$0.02 and last traded at C$0.02. Approximately 200,000 shares were traded during trading, an increase of 407% from the average daily volume of 39,438 shares. The stock had previously closed at C$0.01.

Pioneering Technology Price Performance

The stock’s 50 day moving average price is C$0.01 and its 200-day moving average price is C$0.01. The company has a quick ratio of 1.55, a current ratio of 2.90 and a debt-to-equity ratio of 42.72. The stock has a market capitalization of C$1.12 million, a PE ratio of -1.00 and a beta of 0.04.

About Pioneering Technology

(Get Free Report)

Pioneering Technology Corp., an energy smart technology and consumer products company, engages in the development, manufacture, and sale of cooking fire prevention products in Canada and the United States. It offers SmartBurner, a plug-and-play solution for electric coil stoves; SmartRange, an electric glass-top stove solution; Smart Element cooking system; and Smart Micro, a microwave safety solution, as well as Safe-T-sensor. The company also provides accessories comprising SmartBurner polish, standard ring replacement set, and low profile ring replacement set.

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