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

Pelangio Exploration Inc. (CVE:PX) traded up 33.3% on Wednesday . The company traded as high as C$0.08 and last traded at C$0.08. 409,927 shares changed hands during 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 debt-to-equity ratio of 22.75, a quick ratio of 1.00 and a current ratio of 0.41. The firm has a 50 day moving average price of C$0.05 and a two-hundred day moving average price of C$0.04. The company has a market capitalization of C$13.69 million, a P/E ratio of -2.00 and a beta of 0.81.

About Pelangio Exploration

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.