Pelangio Exploration Inc. (OTCMKTS:PGXPF) Sees Large Growth in Short Interest

Pelangio Exploration Inc. (OTCMKTS:PGXPF) was the target of a large increase in short interest in June. As of June 30th, there was short interest totaling 126,886 shares, an increase of 75.0% from the June 15th total of 72,511 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 129,119 shares, the days-to-cover ratio is presently 1.0 days.

Pelangio Exploration Stock Down 3.5%

OTCMKTS PGXPF opened at $0.09 on Friday. The company has a market cap of $22.59 million, a price-to-earnings ratio of -8.98 and a beta of 0.18. Pelangio Exploration has a twelve month low of $0.07 and a twelve month high of $0.24. The business’s fifty day moving average is $0.11 and its 200 day moving average is $0.14.

Pelangio Exploration (OTCMKTS:PGXPF) last posted its earnings results on Friday, May 29th. The company reported ($0.01) 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.