Pelangio Exploration (CVE:PX) Trading Up 25% – Still a Buy?

Pelangio Exploration Inc. (CVE:PXGet Free Report)’s stock price shot up 25% during mid-day trading on Thursday . The stock traded as high as C$0.05 and last traded at C$0.05. 863,000 shares traded hands during trading, an increase of 977% from the average session volume of 80,122 shares. The stock had previously closed at C$0.04.

Pelangio Exploration Trading Up 50.0 %

The business has a 50-day moving average price of C$0.04 and a two-hundred day moving average price of C$0.03. The company has a quick ratio of 1.00, a current ratio of 0.41 and a debt-to-equity ratio of 22.75. The company has a market cap of C$10.27 million, a P/E ratio of -2.00 and a beta of 0.81.

Pelangio Exploration Company Profile

(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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