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

Pioneering Technology Corp. (CVE:PTEGet Free Report)’s share price rose 100% during mid-day trading on Thursday . The stock traded as high as C$0.02 and last traded at C$0.02. Approximately 671,020 shares traded hands during trading, an increase of 268% from the average daily volume of 182,193 shares. The stock had previously closed at C$0.01.

Pioneering Technology Stock Performance

The company has a quick ratio of 1.55, a current ratio of 2.90 and a debt-to-equity ratio of 42.72. The stock has a fifty day simple moving average of C$0.01 and a 200-day simple moving average of C$0.01. The company has a market capitalization of C$1.12 million, a P/E ratio of -1.00 and a beta of 0.04.

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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