Panoro Minerals (CVE:PML) Sets New 12-Month High – What’s Next?

Panoro Minerals Ltd. (CVE:PMLGet Free Report)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as C$1.70 and last traded at C$1.65, with a volume of 54900 shares changing hands. The stock had previously closed at C$1.67.

Panoro Minerals Stock Down 6.6%

The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.81 and a current ratio of 0.04. The company has a market capitalization of C$480.50 million, a PE ratio of -78.00 and a beta of 3.54. The firm’s 50-day simple moving average is C$1.33 and its 200 day simple moving average is C$0.87.

Insider Activity at Panoro Minerals

In other Panoro Minerals news, Director William John Boden sold 40,000 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of C$1.28, for a total transaction of C$51,200.00. Following the transaction, the director directly owned 12,202,720 shares in the company, valued at approximately C$15,619,481.60. This represents a 0.33% decrease in their ownership of the stock. Insiders have sold a total of 95,900 shares of company stock valued at $117,193 in the last ninety days. 17.34% of the stock is owned by company insiders.

Panoro Minerals Company Profile

(Get Free Report)

Panoro Minerals Ltd., an exploration-stage company, engages in the acquisition, exploration, and development of mineral properties in Peru. The company explores for copper, molybdenum, lead, gold, silver, and zinc deposits. Its flagship project is the Cotabambas project located in the southern Peru. The company was formerly known as Panoro Resources Ltd. and changed its name to Panoro Minerals Ltd. in June 2003. Panoro Minerals Ltd. was incorporated in 1994 and is headquartered in Vancouver, Canada.

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