Pioneering Technology stock surged 100% to C$0.02 on heavy volume, but the reason for the jump is unknown.

Pioneering Technology (CVE:PTE) shares jumped 100% to C$0.02 on Thursday, fueled by a surge in trading volume far exceeding average levels. The stock’s market cap stands at C$1.12 million, with a debt-to-equity ratio of 42.72 and a beta of 0.04. The company, which sells energy-smart cooking safety products in Canada and the U.S., has a current ratio of 2.90 and a negative P/E ratio. The rally brought the stock near its 50- and 200-day moving averages at C$0.01, though the cause of the spike remains unclear.