Pioneering Technology (CVE:PTE) Stock Price Up 100% – Should You Buy?

Pioneering Technology Corp. (CVE:PTEGet Free Report) was up 100% during trading on Thursday . The stock traded as high as C$0.02 and last traded at C$0.02. Approximately 573,020 shares changed hands during mid-day trading, an increase of 265% from the average daily volume of 157,193 shares. The stock had previously closed at C$0.01.

Pioneering Technology Stock Up 100.0%

The company’s fifty day simple moving average is C$0.01 and its 200 day simple moving average is C$0.01. The company has a quick ratio of 1.55, a current ratio of 2.90 and a debt-to-equity ratio of 42.72. The firm has a market capitalization of C$1.12 million, a PE ratio of -1.00 and a beta of 0.04.

About Pioneering Technology

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Pioneering Technology Corp., an energy smart technology and consumer products company, engages in the development, manufacture, and sale of cooking fire prevention products in Canada and the United States. It offers SmartBurner, a plug-and-play solution for electric coil stoves; SmartRange, an electric glass-top stove solution; Smart Element cooking system; and Smart Micro, a microwave safety solution, as well as Safe-T-sensor. The company also provides accessories comprising SmartBurner polish, standard ring replacement set, and low profile ring replacement set.

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