Pelangio Exploration (CVE:PX) Sets New 12-Month High – Still a Buy?

Pelangio Exploration Inc. (CVE:PXGet Free Report)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as C$0.04 and last traded at C$0.04, with a volume of 4000 shares changing hands. The stock had previously closed at C$0.03.

Pelangio Exploration Price Performance

The company has a 50 day moving average of C$0.03 and a 200 day moving average of C$0.03. The stock has a market capitalization of C$5.99 million, a price-to-earnings ratio of -2.00 and a beta of 0.81. The company has a quick ratio of 1.00, a current ratio of 0.41 and a debt-to-equity ratio of 22.75.

About Pelangio Exploration

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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.

Further Reading

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