Pioneering Technology (CVE:PTE) Shares Up 100% – Should You Buy?

Pioneering Technology Corp. (CVE:PTEGet Free Report) shares rose 100% during trading on Thursday . The company traded as high as C$0.02 and last traded at C$0.02. Approximately 671,020 shares changed hands during trading, an increase of 268% from the average daily volume of 182,193 shares. The stock had previously closed at C$0.01.

Pioneering Technology Stock Up 100.0%

The firm’s fifty day moving average is C$0.01 and its two-hundred day moving average is C$0.01. The firm has a market cap of C$1.12 million, a price-to-earnings ratio of -1.00 and a beta of 0.04. The company has a debt-to-equity ratio of 42.72, a current ratio of 2.90 and a quick ratio of 1.55.

About Pioneering Technology

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Pioneering Technology Corp., an energy smart technology and consumer products company, engages in the development, manufacture, and sale of cooking fire prevention products in Canada and the United States. It offers SmartBurner, a plug-and-play solution for electric coil stoves; SmartRange, an electric glass-top stove solution; Smart Element cooking system; and Smart Micro, a microwave safety solution, as well as Safe-T-sensor. The company also provides accessories comprising SmartBurner polish, standard ring replacement set, and low profile ring replacement set.

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