Pelangio Exploration (CVE:PX) Reaches 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 Monday . The company traded as high as C$0.04 and last traded at C$0.04, with a volume of 47500 shares changing hands. The stock had previously closed at C$0.04.

Pelangio Exploration Stock Performance

The stock has a market capitalization of C$5.99 million, a P/E ratio of -2.00 and a beta of 0.81. The stock’s fifty day moving average price is C$0.03 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.

About Pelangio Exploration

(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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