Pioneering Technology (CVE:PTE) Trading 100% Higher – Here’s Why

Shares of Pioneering Technology Corp. (CVE:PTEGet Free Report) were up 100% during trading on Thursday . The company traded as high as C$0.02 and last traded at C$0.02. Approximately 473,020 shares traded hands during trading, an increase of 634% from the average daily volume of 64,438 shares. The stock had previously closed at C$0.01.

Pioneering Technology Trading Up 100.0%

The company has a fifty day moving average of C$0.01 and a 200-day moving average of C$0.01. 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 has a market capitalization of C$1.12 million, a price-to-earnings ratio of -1.00 and a beta of 0.04.

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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