Shares of Pelangio Exploration Inc. (CVE:PX – Get Free Report) shot up 33.3% during mid-day trading on Wednesday . The stock traded as high as C$0.08 and last traded at C$0.08. 409,927 shares were traded during mid-day trading, an increase of 207% from the average session volume of 133,671 shares. The stock had previously closed at C$0.06.
Pelangio Exploration Price Performance
The firm has a market cap 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. The company has a 50 day moving average of C$0.05 and a 200 day moving average of C$0.04.
About Pelangio Exploration
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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