Pioneering Technology (CVE:PTE) Sets New 52-Week Low – Should You Sell?

Pioneering Technology Corp. (CVE:PTEGet Free Report) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$0.01 and last traded at C$0.01, with a volume of 8000 shares trading hands. The stock had previously closed at C$0.02.

Pioneering Technology Price Performance

The stock has a market cap of C$560,400.00, a P/E ratio of -1.00 and a beta of -2.37. The company’s 50 day moving average price is C$0.01 and its 200-day moving average price is C$0.01. The company has a quick ratio of 1.55, a current ratio of 2.90 and a debt-to-equity ratio of 42.72.

About Pioneering Technology

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Pioneering Technology Corp., an energy smart technology and consumer products company, engages in the development, manufacture, and sale of cooking fire prevention products in Canada and the United States. It offers SmartBurner, a plug-and-play solution for electric coil stoves; SmartRange, an electric glass-top stove solution; Smart Element cooking system; and Smart Micro, a microwave safety solution, as well as Safe-T-sensor.

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