Pelangio Exploration (CVE:PX) Hits New 52-Week High – Still a Buy?

Pelangio Exploration Inc. (CVE:PXGet Free Report)’s share price hit a new 52-week high on Monday . The stock traded as high as C$0.27 and last traded at C$0.27, with a volume of 589055 shares. The stock had previously closed at C$0.23.

Pelangio Exploration Price Performance

The company has a current ratio of 0.41, a quick ratio of 1.00 and a debt-to-equity ratio of 22.75. The firm has a market cap of C$70.65 million, a PE ratio of -2.00 and a beta of 1.69. The stock has a 50 day simple moving average of C$0.21 and a 200-day simple moving average of C$0.15.

About Pelangio Exploration

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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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