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

by · The Markets Daily

Pelangio Exploration Inc. (OTCMKTS:PGXPF – Get Free Report) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 89,677 shares, a growth of 490.5% from the August 15th total of 15,187 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 134,215 shares, the short-interest ratio is currently 0.7 days.

Pelangio Exploration Stock Performance

Shares of PGXPF opened at $0.11 on Friday. The company has a 50 day moving average price of $0.11 and a 200-day moving average price of $0.12. Pelangio Exploration has a fifty-two week low of $0.08 and a fifty-two week high of $0.24. The stock has a market capitalization of $27.71 million, a PE ratio of -11.01 and a beta of 0.28.

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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