Panoro Minerals (CVE:PML) Hits New 52-Week High – Still a Buy?

Panoro Minerals Ltd. (CVE:PMLGet Free Report) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$1.35 and last traded at C$1.32, with a volume of 1251960 shares changing hands. The stock had previously closed at C$1.20.

Panoro Minerals Trading Up 9.2%

The company’s fifty day moving average price is C$0.88 and its two-hundred day moving average price is C$0.59. The company has a current ratio of 0.04, a quick ratio of 0.81 and a debt-to-equity ratio of 0.35. The firm has a market cap of C$373.76 million, a P/E ratio of -131.00 and a beta of 3.20.

Insider Buying and Selling

In other Panoro Minerals news, Director William John Boden sold 50,000 shares of the business’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of C$1.17, for a total value of C$58,500.00. Following the transaction, the director directly owned 12,248,620 shares in the company, valued at C$14,330,885.40. The trade was a 0.41% decrease in their ownership of the stock. Insiders have sold 95,900 shares of company stock valued at $117,193 in the last quarter. 17.34% of the stock is owned by 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.

Read More

Receive News & Ratings for Panoro Minerals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Panoro Minerals and related companies with MarketBeat.com's FREE daily email newsletter.