Pelangio Exploration (CVE:PX) Trading Down 12.9% – Here’s Why

Pelangio Exploration Inc. (CVE:PX – Get Free Report) dropped 12.9% during mid-day trading on Wednesday . The stock traded as low as C$0.13 and last traded at C$0.14. Approximately 115,949 shares were traded during trading, a decline of 3% from the average session volume of 119,077 shares. The stock had previously closed at C$0.15.

Pelangio Exploration Price Performance

The stock has a market capitalization of C$34.05 million, a PE ratio of -13.50 and a beta of 2.22. The company has a 50-day moving average of C$0.15 and a two-hundred day moving average of C$0.16. The company has a debt-to-equity ratio of 22.75, a current ratio of 0.41 and a quick ratio of 1.00.

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.

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