Pan Global Resources (CVE:PGZ) Hits New 1-Year High – Here’s What Happened

Pan Global Resources Inc. (CVE:PGZ)’s share price reached a new 52-week high on Friday . The stock traded as high as C$0.19 and last traded at C$0.17, with a volume of 851600 shares traded. The stock had previously closed at C$0.16.

Pan Global Resources Stock Performance

The company’s 50-day moving average is C$0.14 and its 200 day moving average is C$0.15. The company has a market capitalization of C$53.08 million, a PE ratio of -8.25 and a beta of 1.42.

Insider Buying and Selling

In other Pan Global Resources news, Director Patrick Charles Evans bought 500,000 shares of Pan Global Resources stock in a transaction on Wednesday, December 31st. The stock was acquired at an average price of C$0.12 per share, with a total value of C$60,000.00. Following the acquisition, the director owned 6,356,032 shares in the company, valued at approximately C$762,723.84. This trade represents a 8.54% increase in their ownership of the stock. Corporate insiders own 8.29% of the company’s stock.

Pan Global Resources Company Profile

Pan Global Resources Inc, a mineral exploration company, engages in the exploration and evaluation of mineral properties in Spain. The company explores for lead, zinc, silver, gold, tin, cobalt, and copper deposits. It holds 100% interest in the Aguilas project, which comprises nine investigation permits that covers an area of approximately 16,300 hectares, as well as additional mineral rights applications covering an area of approximately 2,803 hectares. located in the provinces of Cordoba and Ciudad Real, Spain; and a 100% interest in the Escacena Project covering an area of approximately 5,700 hectares situated in southern Spain.