Pelangio Exploration Inc. (OTCMKTS:PGXPF) Short Interest Update

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

Pelangio Exploration Stock Performance

PGXPF remained flat at $0.09 during trading on Thursday. The company had a trading volume of 21,660 shares, compared to its average volume of 15,193. The stock has a market cap of $22.72 million, a PE ratio of -9.03 and a beta of 0.18. Pelangio Exploration has a 52-week low of $0.08 and a 52-week high of $0.24. The firm’s fifty day moving average price is $0.10 and its 200-day moving average price is $0.13.

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Pelangio Exploration (OTCMKTS:PGXPF – Get Free Report) last announced its quarterly earnings results on Friday, May 29th. The company reported ($0.01) EPS for the quarter.

About Pelangio Exploration

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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.

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