Pioneering Technology (CVE:PTE) Shares Up 100% – Still a Buy?

by · The Cerbat Gem

Shares of Pioneering Technology Corp. (CVE:PTE – Get Free Report) were up 100% on Thursday . The company traded as high as C$0.02 and last traded at C$0.02. Approximately 200,000 shares changed hands during trading, an increase of 407% from the average daily volume of 39,438 shares. The stock had previously closed at C$0.01.

Pioneering Technology Price Performance

The stock has a market capitalization 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 company’s 50 day moving average is C$0.01 and its 200 day moving average is C$0.01.

Pioneering Technology Company Profile

(Get Free Report)

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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