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

Shares of Pioneering Technology Corp. (CVE:PTE) traded up 100% during trading on Friday . The company traded as high as C$0.02 and last traded at C$0.02. 671,020 shares changed hands during trading, an increase of 268% from the average session volume of 182,193 shares. The stock had previously closed at C$0.01.

Pioneering Technology Trading Up 100.0%

The company has a quick ratio of 1.55, a current ratio of 2.90 and a debt-to-equity ratio of 42.72. The firm has a market cap of C$1.12 million, a P/E ratio of -1.00 and a beta of 0.04. The company’s 50 day simple moving average is C$0.01 and its 200-day simple moving average is C$0.01.

About Pioneering Technology

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.