Pelangio Exploration Inc. (OTCMKTS:PGXPF – Get Free Report) was the target of a large growth in short interest in September. As of September 30th, there was short interest totaling 148,171 shares, a growth of 95.3% from the September 15th total of 75,851 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 62,231 shares, the days-to-cover ratio is currently 2.4 days.
Pelangio Exploration Price Performance
Shares of PGXPF stock opened at $0.09 on Wednesday. Pelangio Exploration has a 12-month low of $0.08 and a 12-month high of $0.24. The firm has a 50-day moving average price of $0.11 and a 200 day moving average price of $0.11.
Pelangio Exploration Company Profile
Pelangio Exploration Inc is a Canadian mineral exploration company focused on the discovery and development of gold deposits. The company does not operate producing mines; its activities primarily involve acquiring, evaluating and advancing mineral properties through geological mapping, geochemical and geophysical surveys, drilling and other exploration work.
Pelangio’s exploration portfolio has been concentrated in Ghana, particularly in the country’s highly prospective Ashanti gold belt.
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