Pelangio Exploration (CVE:PX) Stock Price Up 39.1% – Here’s What Happened

Pelangio Exploration Inc. (CVE:PXGet Free Report) shares shot up 39.1% during mid-day trading on Wednesday . The stock traded as high as C$0.17 and last traded at C$0.16. 691,665 shares were traded during mid-day trading, an increase of 502% from the average session volume of 114,985 shares. The stock had previously closed at C$0.12.

Pelangio Exploration Price Performance

The firm has a market capitalization of C$38.98 million, a P/E ratio of -15.50 and a beta of 2.08. The stock’s fifty day simple moving average is C$0.14 and its 200 day simple 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.

Pelangio Exploration Company Profile

(Get Free Report)

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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