Pioneering Technology (CVE:PTE) Sets New 1-Year High – What’s Next?

Shares of Pioneering Technology Corp. (CVE:PTE) reached a new 52-week high on Wednesday . The stock traded as high as C$0.03 and last traded at C$0.03, with a volume of 5900 shares trading hands. The stock had previously closed at C$0.02.

Pioneering Technology Stock Performance

The stock’s 50-day moving average price is C$0.02 and its 200-day moving average price is C$0.01. The company has a current ratio of 2.90, a quick ratio of 1.55 and a debt-to-equity ratio of 42.72. The company has a market capitalization of C$1.40 million, a P/E ratio of -2.50 and a beta of -0.46.

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.