Pioneering Technology (CVE:PTE) Trading Up 100% – Here’s Why

Shares of Pioneering Technology Corp. (CVE:PTE) were up 100% during mid-day trading on Friday . The stock traded as high as C$0.02 and last traded at C$0.02. Approximately 671,020 shares were traded during mid-day trading, an increase of 268% from the average daily volume of 182,193 shares. The stock had previously closed at C$0.01.

Pioneering Technology Stock Up 100.0%

The firm has a market cap of C$1.12 million, a price-to-earnings ratio of -1.00 and a beta of 0.04. The business has a fifty day simple moving average of C$0.01 and a 200 day simple moving average of C$0.01. The company has a debt-to-equity ratio of 42.72, a current ratio of 2.90 and a quick ratio of 1.55.

Pioneering Technology Company Profile

Pioneering Technology Corp., an energy smart technology and consumer products company, engages in the development, manufacture, and sale of cooking fire prevention products in Canada and the United States. It offers SmartBurner, a plug-and-play solution for electric coil stoves; SmartRange, an electric glass-top stove solution; Smart Element cooking system; and Smart Micro, a microwave safety solution, as well as Safe-T-sensor. The company also provides accessories comprising SmartBurner polish, standard ring replacement set, and low profile ring replacement set.