Pelangio Exploration (CVE:PX) Stock Price Down 16.1% – Here’s Why

Pelangio Exploration Inc. (CVE:PXGet Free Report)’s share price fell 16.1% during mid-day trading on Thursday . The stock traded as low as C$0.12 and last traded at C$0.13. 270,500 shares were traded during trading, an increase of 119% from the average daily volume of 123,686 shares. The stock had previously closed at C$0.15.

Pelangio Exploration Stock Down 16.1%

The firm has a market capitalization of C$32.70 million, a PE ratio of -13.00 and a beta of 2.11. The business’s fifty day moving average price is C$0.16 and its 200 day moving average price is C$0.20. The company has a quick ratio of 1.00, a current ratio of 0.41 and a debt-to-equity ratio of 22.75.

Pelangio Exploration Company Profile

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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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