Panoro Minerals (CVE:PML) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

by · The Markets Daily

Panoro Minerals Ltd. (CVE:PML – Get Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$0.81 and traded as high as C$1.51. Panoro Minerals shares last traded at C$1.40, with a volume of 340,156 shares trading hands.

Panoro Minerals Price Performance

The company has a 50 day moving average of C$1.27 and a 200 day moving average of C$0.82. 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$431.22 million, a price-to-earnings ratio of -70.00 and a beta of 3.57.

Insider Activity

In related news, Director William John Boden sold 50,000 shares of the stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of C$1.17, for a total transaction of C$58,500.00. Following the completion of the sale, the director directly owned 12,248,620 shares of the company’s stock, valued at approximately C$14,330,885.40. This represents a 0.41% decrease in their position. In the last three months, insiders sold 95,900 shares of company stock valued at $117,193. 17.34% of the stock is currently 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.

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