Pelangio Exploration (CVE:PX) Stock Price Up 33.3% – Still a Buy?

Pelangio Exploration Inc. (CVE:PXGet Free Report) shares rose 33.3% during mid-day trading on Wednesday . The stock traded as high as C$0.08 and last traded at C$0.08. Approximately 409,927 shares changed hands during mid-day trading, an increase of 207% from the average daily volume of 133,671 shares. The stock had previously closed at C$0.06.

Pelangio Exploration Trading Up 33.3 %

The stock has a market cap of C$13.69 million, a PE ratio of -2.00 and a beta of 0.81. The firm has a 50-day moving average price of C$0.05 and a 200-day moving average price of C$0.04. The company has a debt-to-equity ratio of 22.75, a quick ratio of 1.00 and a current ratio of 0.41.

About Pelangio Exploration

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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.

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