Pelangio Exploration Inc. (CVE:PX – Get Free Report) was up 50% during mid-day trading on Thursday . The stock traded as high as C$0.06 and last traded at C$0.06. Approximately 1,882,150 shares changed hands during trading, an increase of 1,636% from the average daily volume of 108,432 shares. The stock had previously closed at C$0.04.
Pelangio Exploration Trading Up 16.7 %
The stock has a market cap of C$11.98 million, a price-to-earnings ratio of -2.00 and a beta of 0.81. 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 fifty day simple moving average of C$0.04 and a 200-day simple moving average of C$0.03.
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.
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