Shares of Pelangio Exploration Inc. (CVE:PX – Get Free Report) shot 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 changed hands 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 Stock Performance
The company has a 50-day moving average of C$0.04 and a 200-day moving average of C$0.03. The firm has a market capitalization 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.
Pelangio Exploration Company Profile
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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