Pelangio Exploration Inc. (CVE:PX – Get Free Report)’s share price rose 50% during mid-day trading on Friday . The stock traded as high as C$0.06 and last traded at C$0.06. Approximately 1,882,150 shares changed hands during mid-day 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 Price Performance
The company has a fifty day simple moving average of C$0.04 and a 200-day simple moving average of C$0.03. The company has a market cap of C$11.98 million, a P/E ratio of -2.00 and a beta of 0.81. The company has a debt-to-equity ratio of 22.75, a current ratio of 0.41 and a quick ratio of 1.00.
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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