Pan Global Resources (CVE:PGZ) Shares Down 11.1% – Should You Sell?

Pan Global Resources Inc. (CVE:PGZGet Free Report) shares dropped 11.1% during mid-day trading on Wednesday . The company traded as low as C$0.11 and last traded at C$0.12. Approximately 1,892,792 shares were traded during trading, an increase of 767% from the average daily volume of 218,416 shares. The stock had previously closed at C$0.14.

Pan Global Resources Trading Down 11.1%

The business has a 50 day moving average price of C$0.15 and a 200 day moving average price of C$0.15. The company has a market capitalization of C$38.61 million, a P/E ratio of -6.00 and a beta of 1.11.

Pan Global Resources Company Profile

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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.

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