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

Pelangio Exploration Inc. (CVE:PXGet Free Report)’s stock price reached a new 52-week high during mid-day trading on Friday . The company traded as high as C$0.07 and last traded at C$0.07, with a volume of 107000 shares traded. The stock had previously closed at C$0.06.

Pelangio Exploration Stock Up 16.7 %

The firm has a 50-day moving average of C$0.04 and a 200 day moving average of C$0.03. The company has a debt-to-equity ratio of 22.75, a current ratio of 0.41 and a quick ratio of 1.00. The stock has a market capitalization of C$11.98 million, a price-to-earnings ratio of -2.00 and a beta of 0.81.

About Pelangio Exploration

(Get Free Report)

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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