Pelangio Exploration (CVE:PX) Trading Up 9.4% – What’s Next?

Shares of Pelangio Exploration Inc. (CVE:PX) rose 9.4% on Tuesday . The stock traded as high as C$0.19 and last traded at C$0.18. Approximately 66,583 shares were traded during mid-day trading, a decline of 61% from the average daily volume of 172,570 shares. The stock had previously closed at C$0.16.

Pelangio Exploration Stock Performance

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 firm has a market cap of C$47.51 million, a P/E ratio of -2.00 and a beta of 1.49. The business has a fifty day simple moving average of C$0.22 and a 200-day simple moving average of C$0.22.

Pelangio Exploration Company Profile

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.