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 traded hands during 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 Trading Up 16.7 %
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 firm has a market capitalization of C$11.98 million, a P/E ratio of -2.00 and a beta of 0.81. The firm’s 50-day simple moving average is C$0.04 and its 200-day simple moving average is C$0.03.
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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