Pelangio Exploration Inc. (OTCMKTS:PGXPF – Get Free Report) was the recipient of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 148,171 shares, a growth of 95.3% from the September 15th total of 75,851 shares. Based on an average daily trading volume, of 62,231 shares, the days-to-cover ratio is presently 2.4 days. Approximately 0.1% of the shares of the company are short sold.
Pelangio Exploration Price Performance
Pelangio Exploration stock remained flat at $0.09 during midday trading on Friday. The company had a trading volume of 5,409 shares, compared to its average volume of 12,728. The company has a market cap of $21.47 million, a price-to-earnings ratio of -8.51 and a beta of 0.22. Pelangio Exploration has a 12-month low of $0.08 and a 12-month high of $0.24. The stock’s fifty day simple moving average is $0.11 and its two-hundred day simple moving average is $0.11.
About Pelangio Exploration
Pelangio Exploration Inc is a Canadian mineral exploration company focused on the discovery and development of gold deposits. The company does not operate producing mines; its activities primarily involve acquiring, evaluating and advancing mineral properties through geological mapping, geochemical and geophysical surveys, drilling and other exploration work.
Pelangio’s exploration portfolio has been concentrated in Ghana, particularly in the country’s highly prospective Ashanti gold belt.
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