Pioneering Technology (CVE:PTE) Trading Up 100% – Time to Buy?

Pioneering Technology Corp. (CVE:PTEGet Free Report) shot up 100% on Thursday . The stock traded as high as C$0.02 and last traded at C$0.02. 573,020 shares were traded during mid-day trading, an increase of 265% from the average session volume of 157,193 shares. The stock had previously closed at C$0.01.

Pioneering Technology Price Performance

The company has a 50-day moving average of C$0.01 and a 200 day moving average of C$0.01. The company has a quick ratio of 1.55, a current ratio of 2.90 and a debt-to-equity ratio of 42.72. The stock has a market capitalization of C$1.12 million, a PE ratio of -1.00 and a beta of 0.04.

About Pioneering Technology

(Get Free Report)

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.

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