Pelangio Exploration Inc. (OTCMKTS:PGXPF) Short Interest Down 39.9% in July

Pelangio Exploration Inc. (OTCMKTS:PGXPF) saw a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 76,212 shares, a decrease of 39.9% from the June 30th total of 126,886 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 26,068 shares, the days-to-cover ratio is presently 2.9 days.

Pelangio Exploration Stock Performance

Shares of Pelangio Exploration stock remained flat at $0.09 on Friday. The stock had a trading volume of 21,660 shares, compared to its average volume of 16,026. The stock has a fifty day moving average price of $0.10 and a 200-day moving average price of $0.13. The stock has a market capitalization of $22.73 million, a price-to-earnings ratio of -9.03 and a beta of 0.18. Pelangio Exploration has a fifty-two week low of $0.08 and a fifty-two week high of $0.24.

Pelangio Exploration (OTCMKTS:PGXPF) last released its quarterly earnings data on Friday, May 29th. The company reported ($0.01) earnings per share (EPS) for the quarter.

Pelangio Exploration Company Profile

Pelangio Exploration Inc (OTCMKTS:PGXPF) is a mineral exploration company focused on the discovery and development of high-quality gold assets in Canada and West Africa. The company’s primary business activity is the acquisition, exploration and resource definition of gold projects, with an emphasis on grassroots and advanced stage targets. Pelangio employs modern geological, geophysical and geochemical methods to evaluate its land positions and advance promising discoveries toward resource delineation.

In Canada, Pelangio’s portfolio is anchored by properties in Ontario’s prolific Timmins gold camp and the emerging Detour Trend.