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

Pelangio Exploration Inc. (CVE:PXGet Free Report) shot up 26.1% on Tuesday . The stock traded as high as C$0.29 and last traded at C$0.29. 741,110 shares changed hands during mid-day trading, an increase of 339% from the average session volume of 168,983 shares. The stock had previously closed at C$0.23.

Pelangio Exploration Price Performance

The company has a debt-to-equity ratio of 22.75, a quick ratio of 1.00 and a current ratio of 0.41. The business has a 50 day simple moving average of C$0.21 and a 200-day simple moving average of C$0.15. The firm has a market cap of C$70.65 million, a price-to-earnings ratio of -2.00 and a beta of 1.69.

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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