Pelangio Exploration (CVE:PX) Stock Price Up 50% – Should You Buy?

Pelangio Exploration Inc. (CVE:PXGet Free Report)’s share price traded up 50% during mid-day trading on Friday . The stock traded as high as C$0.06 and last traded at C$0.06. 1,882,150 shares were traded during trading, an increase of 1,636% from the average session volume of 108,432 shares. The stock had previously closed at C$0.04.

Pelangio Exploration Price Performance

The company has a debt-to-equity ratio of 22.75, a current ratio of 0.41 and a quick ratio of 1.00. The company has a fifty day moving average of C$0.04 and a 200-day moving average of C$0.03. The firm has a market cap of C$11.98 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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