Pelangio Exploration Inc. (OTCMKTS:PGXPF) Short Interest Up 75.0% in June

Pelangio Exploration Inc. (OTCMKTS:PGXPF) was the recipient of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 126,886 shares, a growth of 75.0% from the June 15th total of 72,511 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 129,119 shares, the days-to-cover ratio is currently 1.0 days.

Pelangio Exploration Stock Performance

OTCMKTS:PGXPF opened at $0.09 on Friday. Pelangio Exploration has a twelve month low of $0.07 and a twelve month high of $0.24. The company has a market cap of $23.42 million, a PE ratio of -9.31 and a beta of 0.18. The company’s 50 day moving average is $0.11 and its two-hundred day moving average is $0.14.

Pelangio Exploration (OTCMKTS:PGXPF) last posted its quarterly earnings results on Friday, May 29th. The company reported ($0.01) earnings per share (EPS) for the quarter.

Pelangio Exploration Company Profile

Pelangio Exploration Inc (OTCMKTS:PGXPF) is a mineral exploration company focused on the discovery and development of high-quality gold assets in Canada and West Africa. The company’s primary business activity is the acquisition, exploration and resource definition of gold projects, with an emphasis on grassroots and advanced stage targets. Pelangio employs modern geological, geophysical and geochemical methods to evaluate its land positions and advance promising discoveries toward resource delineation.

In Canada, Pelangio’s portfolio is anchored by properties in Ontario’s prolific Timmins gold camp and the emerging Detour Trend.