Pelangio Exploration Inc. (OTCMKTS:PGXPF) Short Interest Update

Pelangio Exploration Inc. (OTCMKTS:PGXPF) was the recipient of a significant decline in short interest in August. As of August 14th, there was short interest totaling 15,187 shares, a decline of 77.3% from the July 30th total of 66,882 shares. Based on an average daily volume of 102,213 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Pelangio Exploration Price Performance

PGXPF opened at $0.13 on Friday. Pelangio Exploration has a fifty-two week low of $0.08 and a fifty-two week high of $0.24. The business has a 50-day moving average of $0.11 and a 200-day moving average of $0.12. The company has a market capitalization of $32.11 million, a PE ratio of -12.76 and a beta of 0.23.

Pelangio Exploration (OTCMKTS:PGXPF) last announced its quarterly earnings results on Friday, May 29th. The company reported ($0.01) earnings per share (EPS) for the quarter.

About Pelangio Exploration

Pelangio Exploration Inc (OTCMKTS:PGXPF) is a mineral exploration company focused on the discovery and development of high-quality gold assets in Canada and West Africa. The company’s primary business activity is the acquisition, exploration and resource definition of gold projects, with an emphasis on grassroots and advanced stage targets. Pelangio employs modern geological, geophysical and geochemical methods to evaluate its land positions and advance promising discoveries toward resource delineation.

In Canada, Pelangio’s portfolio is anchored by properties in Ontario’s prolific Timmins gold camp and the emerging Detour Trend.