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

by · The Markets Daily

Pioneering Technology Corp. (CVE:PTE – Get Free Report) traded up 100% during mid-day trading on Thursday . The stock traded as high as C$0.02 and last traded at C$0.02. 671,020 shares changed hands during mid-day trading, an increase of 268% from the average session volume of 182,193 shares. The stock had previously closed at C$0.01.

Pioneering Technology Price Performance

The company 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. The business has a 50-day moving average price of C$0.01 and a 200 day moving average price of C$0.01.

Pioneering Technology Company Profile

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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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