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

Pelangio Exploration Inc. (OTCMKTS:PGXPF) saw a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 137,300 shares, a growth of 365.4% from the August 31st total of 29,500 shares. Based on an average trading volume of 224,500 shares, the short-interest ratio is presently 0.6 days. Based on an average trading volume of 224,500 shares, the short-interest ratio is presently 0.6 days.

Pelangio Exploration Price Performance

OTCMKTS:PGXPF opened at $0.17 on Friday. The stock has a 50-day simple moving average of $0.12 and a two-hundred day simple moving average of $0.08. Pelangio Exploration has a 52-week low of $0.01 and a 52-week high of $0.18.

About Pelangio Exploration

Pelangio Exploration Inc, a mineral exploration company, engages in acquiring, exploring, and developing mineral properties. It holds interests in various gold properties in Ghana and Canada. The company was incorporated in 2008 and is headquartered in Toronto, Canada.