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

Pelangio Exploration Inc. (OTCMKTS:PGXPF) was the target 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. Based on an average daily trading volume, of 129,119 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.1% of the shares of the company are sold short.

Pelangio Exploration Price Performance

Shares of PGXPF opened at $0.09 on Friday. The company has a market capitalization of $22.59 million, a PE ratio of -8.98 and a beta of 0.18. Pelangio Exploration has a one year low of $0.07 and a one year high of $0.24. The company’s fifty day moving average price is $0.11 and its 200 day moving average price is $0.14.

Pelangio Exploration (OTCMKTS:PGXPF) last released 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.