Pelangio Exploration (CVE:PX) Stock Price Up 33.3% – Time to Buy?

Pelangio Exploration Inc. (CVE:PXGet Free Report)’s stock price shot up 33.3% on Thursday . The company traded as high as C$0.08 and last traded at C$0.08. 409,927 shares were traded 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 Stock Performance

The company has a market capitalization of C$13.69 million, a P/E ratio of -2.00 and a beta of 0.81. The company’s 50 day moving average is C$0.05 and its 200-day moving average is 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.

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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