Short Interest in Pelangio Exploration Inc. (OTCMKTS:PGXPF) Decreases By 39.9%

Pelangio Exploration Inc. (OTCMKTS:PGXPF) saw a significant drop in short interest in July. As of July 15th, there was short interest totaling 76,212 shares, a drop of 39.9% from the June 30th total of 126,886 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 26,068 shares, the short-interest ratio is presently 2.9 days.

Pelangio Exploration Price Performance

Shares of OTCMKTS PGXPF opened at $0.09 on Friday. Pelangio Exploration has a twelve month low of $0.08 and a twelve month high of $0.24. The firm has a market cap of $22.72 million, a P/E ratio of -9.03 and a beta of 0.18. The company has a 50 day moving average of $0.10 and a 200 day moving average of $0.13.

Pelangio Exploration (OTCMKTS:PGXPF) last released its quarterly earnings data on Friday, May 29th. The company reported ($0.01) earnings per share (EPS) for the quarter.

About Pelangio Exploration

Pelangio Exploration Inc (OTCMKTS:PGXPF) is a mineral exploration company focused on the discovery and development of high-quality gold assets in Canada and West Africa. The company’s primary business activity is the acquisition, exploration and resource definition of gold projects, with an emphasis on grassroots and advanced stage targets. Pelangio employs modern geological, geophysical and geochemical methods to evaluate its land positions and advance promising discoveries toward resource delineation.

In Canada, Pelangio’s portfolio is anchored by properties in Ontario’s prolific Timmins gold camp and the emerging Detour Trend.