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Pelangio Exploration shares surged 26% on heavy volume, driven by sector-wide gains, with no specific reason given.
Pelangio Exploration (CVE:PX) shares jumped 26.1% on Monday, closing at C$0.29 amid a 339% surge in trading volume to 741,110 shares.
The Toronto-based mineral exploration company, focused on gold projects in Ghana and Canada, has a market cap of C$70.65 million and a negative P/E ratio of -2.00.
Its debt-to-equity ratio is 22.75, and it exhibits higher volatility with a beta of 1.69.
The rally follows broader gains in the mining sector, though the specific catalyst for the stock’s rise is not disclosed.
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Las acciones de Pelangio Exploration aumentaron un 26% con un gran volumen, impulsadas por ganancias en todo el sector, sin una razón específica dada.