Pelangio Exploration (CVE:PX) Sets New 52-Week High – Still a Buy?

Shares of Pelangio Exploration Inc. (CVE:PXGet Free Report) reached a new 52-week high on Monday . The company traded as high as C$0.04 and last traded at C$0.04, with a volume of 22000 shares trading hands. The stock had previously closed at C$0.04.

Pelangio Exploration Price Performance

The stock has a 50 day simple moving average of C$0.03 and a 200-day simple moving average of C$0.03. The company has a debt-to-equity ratio of 22.75, a current ratio of 0.41 and a quick ratio of 1.00. The firm has a market cap of C$5.99 million, a PE ratio of -2.00 and a beta of 0.81.

About Pelangio Exploration

(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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