Pelangio Exploration (CVE:PX) Shares Up 26.1% – Should You Buy?

Pelangio Exploration Inc. (CVE:PXGet Free Report)’s share price was up 26.1% on Monday . The stock traded as high as C$0.29 and last traded at C$0.29. Approximately 741,110 shares traded hands during trading, an increase of 339% from the average daily volume of 168,983 shares. The stock had previously closed at C$0.23.

Pelangio Exploration Stock Up 5.3%

The company has a quick ratio of 1.00, a current ratio of 0.41 and a debt-to-equity ratio of 22.75. The stock has a market cap of C$73.09 million, a P/E ratio of -2.00 and a beta of 1.69. The company’s 50 day moving average price is C$0.21 and its two-hundred day moving average price is C$0.16.

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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