Pelangio Exploration (CVE:PX) Hits New 52-Week High – Should You Buy?

Pelangio Exploration Inc. (CVE:PXGet Free Report) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$0.04 and last traded at C$0.04, with a volume of 108000 shares traded. The stock had previously closed at C$0.04.

Pelangio Exploration Trading Up 12.5 %

The stock has a 50 day moving average of C$0.04 and a 200 day moving average of C$0.03. The company has a debt-to-equity ratio of 22.75, a current ratio of 0.41 and a quick ratio of 1.00. The firm has a market cap of C$7.70 million, a P/E ratio of -2.00 and a beta of 0.81.

About Pelangio Exploration

(Get Free Report)

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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