Pelangio Exploration Inc. (OTCMKTS:PGXPF) Sees Large Decrease in Short Interest

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Pelangio Exploration Inc. (OTCMKTS:PGXPF) was the recipient of a significant decline in short interest in the month of December. As of December 31st, there was short interest totalling 1,800 shares, a decline of 58.1% from the December 15th total of 4,300 shares. Based on an average daily volume of 2,000 shares, the days-to-cover ratio is presently 0.9 days.

Shares of Pelangio Exploration stock traded up $0.00 on Wednesday, reaching $0.14. 1,250 shares of the stock were exchanged, compared to its average volume of 17,990. The company has a quick ratio of 2.57, a current ratio of 2.57 and a debt-to-equity ratio of 0.05. Pelangio Exploration has a twelve month low of $0.08 and a twelve month high of $0.20. The firm has a market capitalization of $9.92 million, a price-to-earnings ratio of -3.47 and a beta of -0.25. The business has a 50 day moving average price of $0.12 and a two-hundred day moving average price of $0.15.

Pelangio Exploration (OTCMKTS:PGXPF) last released its earnings results on Wednesday, November 25th. The company reported ($0.01) EPS for the quarter.

Pelangio Exploration Company Profile

Pelangio Exploration Inc, a mineral exploration company, engages in the acquisition, exploration, and development of mineral properties. It holds interests in various gold properties in Canada and Ghana. The company was incorporated in 2008 and is headquartered in Toronto, Canada.

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