Pelangio Exploration (CVE:PX) Sets New 52-Week High – Here’s Why

Pelangio Exploration Inc. (CVE:PXGet Free Report) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$0.04 and last traded at C$0.04, with a volume of 10000 shares changing hands. The stock had previously closed at C$0.03.

Pelangio Exploration Trading Up 16.7 %

The company has a quick ratio of 1.00, a current ratio of 0.41 and a debt-to-equity ratio of 22.75. The company has a market capitalization of C$5.99 million, a P/E ratio of -2.00 and a beta of 0.81. The business has a fifty day moving average price of C$0.03 and a 200 day moving average price of C$0.03.

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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