Pioneering Technology (CVE:PTE) Shares Up 100% – Here’s What Happened

Pioneering Technology Corp. (CVE:PTE)’s share price rose 100% on Thursday . The stock traded as high as C$0.02 and last traded at C$0.02. Approximately 473,020 shares traded hands during mid-day trading, an increase of 634% from the average daily volume of 64,438 shares. The stock had previously closed at C$0.01.

Pioneering Technology Stock Performance

The stock’s 50-day simple moving average is C$0.01 and its 200-day simple moving average is C$0.01. The stock has a market cap of C$1.12 million, a price-to-earnings ratio of -1.00 and a beta of 0.04. The company has a current ratio of 2.90, a quick ratio of 1.55 and a debt-to-equity ratio of 42.72.

Pioneering Technology Company Profile

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.