Pelangio Exploration (CVE:PX) Shares Break Above Fifty Day Moving Average – Time to Sell?

Pelangio Exploration Inc. (CVE:PX – Get Free Report) shares crossed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of C$0.14 and traded as high as C$0.14. Pelangio Exploration shares last traded at C$0.14, with a volume of 39,500 shares.

Pelangio Exploration Stock Up 16.0%

The stock has a 50-day moving average price of C$0.14 and a 200-day moving average price of C$0.16. The company has a market capitalization of C$36.57 million, a P/E ratio of -14.50 and a beta of 1.79. 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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