Pioneering Technology (CVE:PTE) Trading Up 50% – Should You Buy?

Pioneering Technology Corp. (CVE:PTEGet Free Report) shares were up 50% during mid-day trading on Thursday . The stock traded as high as C$0.02 and last traded at C$0.02. Approximately 583,020 shares were traded during trading, an increase of 267% from the average daily volume of 158,693 shares. The stock had previously closed at C$0.01.

Pioneering Technology Price Performance

The stock 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 debt-to-equity ratio of 42.72, a quick ratio of 1.55 and a current ratio of 2.90. The company has a 50-day simple moving average of C$0.01 and a two-hundred day simple moving average of C$0.01.

About Pioneering Technology

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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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