Pelangio Exploration Inc. (OTCMKTS:PGXPF – Get Free Report) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 89,677 shares, an increase of 490.5% from the August 15th total of 15,187 shares. Based on an average daily volume of 134,215 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.0% of the company’s shares are short sold.
Pelangio Exploration Trading Down 8.7%
Shares of PGXPF opened at $0.11 on Friday. The firm has a fifty day moving average price of $0.11 and a 200-day moving average price of $0.12. The firm has a market capitalization of $27.71 million, a P/E ratio of -11.01 and a beta of 0.28. Pelangio Exploration has a 12-month low of $0.08 and a 12-month high of $0.24.
Pelangio Exploration Company Profile
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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