Pelangio Exploration (CVE:PX) Sets New 12-Month Low – Should You Sell?

Pelangio Exploration Inc. (CVE:PXGet Free Report) shares hit a new 52-week low on Friday . The company traded as low as C$0.12 and last traded at C$0.12, with a volume of 17563 shares changing hands. The stock had previously closed at C$0.12.

Pelangio Exploration Trading Down 4.0%

The stock has a market cap of C$30.18 million, a price-to-earnings ratio of -12.00 and a beta of 2.18. The business’s 50 day moving average is C$0.14 and its 200 day moving average is C$0.18. The company has a debt-to-equity ratio of 22.75, a current ratio of 0.41 and a quick ratio of 1.00.

About Pelangio Exploration

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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.

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