Pelangio Exploration Inc. (CVE:PX – Get Free Report)’s share price shot up 50% 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 mid-day 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 quick ratio of 1.00, a current ratio of 0.41 and a debt-to-equity ratio of 22.75. The company has a 50 day simple moving average of C$0.04 and a 200-day simple moving average of C$0.03. 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.
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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