|Bid||0.05 x 0|
|Ask||0.05 x 0|
|Day's Range||0.04 - 0.04|
|52 Week Range||0.02 - 0.20|
|PE Ratio (TTM)||1.33|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Pele Mountain Resources Inc. (GEM.V) (“Pele” or the “Company”) today announced that it has entered into a non-binding letter of intent (the “LOI”) with Bhang Corporation (“Bhang”), a privately-held Nevada corporation, to acquire a 100% interest in Bhang via a business combination transaction that would constitute a reverse take-over and change of control of Pele (the “Transaction”). The final structure of the Transaction will be determined by Bhang and Pele to accommodate tax considerations, accounting treatment and applicable legal and regulatory requirements.
Pele Mountain Resources Inc. (GEM.V) (“Pele” or the “Company”) has signed a sustainable energy development agreement (the “Agreement”) with the City of Elliot Lake, Ontario (the “City”). The Agreement essentially provides a two-year extension of the previous sustainable energy development agreement between the City and Pele, which expired yesterday. As before, the Agreement sets out a framework for negotiating and entering into a mutually beneficial long-term energy services agreement to increase the City’s energy efficiency and to facilitate growth and diversification of the City’s economy.
Pele Mountain Resources Inc (TSXV:GEM) is currently trading at a trailing P/E of 2x, which is lower than the industry average of 10.5x. While GEM might seem like an attractiveRead More...
VANCOUVER , Dec. 6, 2017 /CNW/ - Trading resumes in: Company: PELE MOUNTAIN RESOURCES INC. TSX-Venture Symbol: GEM Resumption (ET): 8:00 AM December 7, 2017 Company: CASA MINERALS INC., Formerly Abcana ...
Pele Mountain Resources Inc. announced today that further to its press release dated July 5, 2017, the Company has completed a share consolidation of the Company's issued and outstanding common shares ...
Pele Mountain Resources Inc. today provided a business update on the Company's capital restructuring and its decision to proceed with the non-binding letter of intent announced on June 1, 2017.