Pelangio Exploration (CVE:PX) Shares Up 26.1% – Still a Buy?

Pelangio Exploration Inc. (CVE:PXGet Free Report) shares traded up 26.1% during mid-day trading on Tuesday . The company traded as high as C$0.29 and last traded at C$0.29. 741,110 shares changed hands during trading, an increase of 339% from the average session volume of 168,983 shares. The stock had previously closed at C$0.23.

Pelangio Exploration Stock Performance

The firm’s 50 day simple moving average is C$0.21 and its 200 day simple moving average is C$0.16. The firm has a market capitalization of C$65.78 million, a price-to-earnings ratio of -2.00 and a beta of 1.69. The company has a debt-to-equity ratio of 22.75, a quick ratio of 1.00 and a current ratio of 0.41.

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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