Pioneering Technology (CVE:PTE) Shares Up 100% – Still a Buy?

Pioneering Technology Corp. (CVE:PTE)’s share price traded up 100% during mid-day trading on Thursday . The company traded as high as C$0.02 and last traded at C$0.02. 671,020 shares traded hands during mid-day trading, an increase of 268% from the average session volume of 182,193 shares. The stock had previously closed at C$0.01.

Pioneering Technology Price Performance

The business’s fifty day moving average price is C$0.01 and its 200 day moving average price is C$0.01. The company has a debt-to-equity ratio of 42.72, a current ratio of 2.90 and a quick ratio of 1.55. The stock has a market cap of C$1.12 million, a P/E ratio of -1.00 and a beta of 0.04.

Pioneering Technology Company Profile

Pioneering Technology Corp., an energy smart technology and consumer products company, engages in the development, manufacture, and sale of cooking fire prevention products in Canada and the United States. It offers SmartBurner, a plug-and-play solution for electric coil stoves; SmartRange, an electric glass-top stove solution; Smart Element cooking system; and Smart Micro, a microwave safety solution, as well as Safe-T-sensor. The company also provides accessories comprising SmartBurner polish, standard ring replacement set, and low profile ring replacement set.