Pelangio Exploration (CVE:PX) Shares Up 33.3% – Here’s What Happened

Pelangio Exploration Inc. (CVE:PXGet Free Report) shot up 33.3% during trading on Wednesday . The company traded as high as C$0.08 and last traded at C$0.08. 409,927 shares changed hands during mid-day trading, an increase of 207% from the average session volume of 133,671 shares. The stock had previously closed at C$0.06.

Pelangio Exploration Trading Up 33.3 %

The company has a fifty day simple moving average of C$0.05 and a 200-day simple moving average of C$0.04. 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 company has a market capitalization of C$13.69 million, a PE 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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