Pelangio Exploration (CVE:PX) Stock Price Up 50% – Should You Buy?

Pelangio Exploration Inc. (CVE:PXGet Free Report)’s share price traded up 50% on Thursday . The stock traded as high as C$0.06 and last traded at C$0.06. 1,882,150 shares were traded during mid-day trading, an increase of 1,636% from the average session volume of 108,432 shares. The stock had previously closed at C$0.04.

Pelangio Exploration Stock Up 50.0 %

The company has a market cap of C$10.27 million, a price-to-earnings ratio of -2.00 and a beta of 0.81. The business has a fifty day moving average of C$0.04 and a two-hundred 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.

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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