Pelangio Exploration (CVE:PX) Stock Price Up 25% – Time to Buy?

Pelangio Exploration Inc. (CVE:PXGet Free Report) shares rose 25% on Wednesday . The stock traded as high as C$0.08 and last traded at C$0.08. Approximately 327,927 shares were traded during trading, an increase of 148% from the average daily volume of 132,127 shares. The stock had previously closed at C$0.06.

Pelangio Exploration Price Performance

The stock has a fifty day moving average of C$0.05 and a 200-day moving average of C$0.04. The firm has a market capitalization of C$13.69 million, a price-to-earnings ratio of -2.00 and a beta of 0.81. The company has a current ratio of 0.41, a quick ratio of 1.00 and a debt-to-equity ratio of 22.75.

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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