Insider Buying: Pelangio Exploration (CVE:PX) Director Buys 75,000 Shares of Stock

Pelangio Exploration Inc. (CVE:PX) Director Ingrid Jo-Ann Hibbard bought 75,000 shares of the firm’s stock in a transaction on Thursday, June 4th. The shares were purchased at an average cost of C$0.15 per share, with a total value of C$11,250.00. Following the completion of the transaction, the director owned 14,870,346 shares in the company, valued at C$2,230,551.90. This represents a 0.51% increase in their ownership of the stock.

Pelangio Exploration Stock Down 3.8%

CVE PX traded down C$0.01 on Friday, reaching C$0.13. 122,710 shares of the stock traded hands, compared to its average volume of 131,893. The company has a debt-to-equity ratio of 22.75, a quick ratio of 1.00 and a current ratio of 0.41. The company has a fifty day moving average price of C$0.17 and a 200-day moving average price of C$0.21. The company has a market cap of C$31.44 million, a price-to-earnings ratio of -2.00 and a beta of 2.11. Pelangio Exploration Inc. has a 12 month low of C$0.09 and a 12 month high of C$0.31.

About Pelangio Exploration

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.