Pelangio Exploration (CVE:PX) Hits New 1-Year High – Still a Buy?

Pelangio Exploration Inc. (CVE:PXGet Free Report) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as C$0.07 and last traded at C$0.07, with a volume of 107000 shares changing hands. The stock had previously closed at C$0.06.

Pelangio Exploration Trading Up 16.7 %

The firm has a market capitalization of C$11.98 million, a price-to-earnings ratio of -2.00 and a beta of 0.81. The business’s 50-day moving average price is C$0.04 and its 200 day moving average price is C$0.03. The company has a debt-to-equity ratio of 22.75, a current ratio of 0.41 and a quick ratio of 1.00.

Pelangio Exploration Company Profile

(Get Free Report)

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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