Pioneering Technology (CVE:PTE) Trading Up 100% – What’s Next?

Pioneering Technology Corp. (CVE:PTE)’s share price shot up 100% on Friday . The stock traded as high as C$0.02 and last traded at C$0.02. 671,020 shares traded hands during trading, an increase of 268% from the average session volume of 182,193 shares. The stock had previously closed at C$0.01.

Pioneering Technology Stock Performance

The company’s fifty day simple moving average is C$0.01 and its two-hundred day simple moving average is C$0.01. The company has a market capitalization of C$1.12 million, a price-to-earnings ratio of -1.00 and a beta of 0.04. The company has a debt-to-equity ratio of 42.72, a quick ratio of 1.55 and a current ratio of 2.90.

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.