Panoro Minerals (CVE:PML) Stock Price Crosses Above 200-Day Moving Average – Should You Sell?

Panoro Minerals Ltd. (CVE:PML)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$0.62 and traded as high as C$1.24. Panoro Minerals shares last traded at C$1.22, with a volume of 660,588 shares traded.

Panoro Minerals Price Performance

The firm’s 50-day moving average is C$0.95 and its 200-day moving average is C$0.63. The company has a market capitalization of C$393.49 million, a PE ratio of -128.00 and a beta of 3.20. The company has a quick ratio of 0.81, a current ratio of 0.04 and a debt-to-equity ratio of 0.35.

Insider Transactions 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 completion of the sale, the director directly owned 12,202,720 shares in the company, valued at C$15,619,481.60. This represents a 0.33% decrease in their ownership of the stock. Insiders have sold 95,900 shares of company stock worth $117,193 in the last ninety days. Corporate insiders own 17.34% of the company’s stock.

About Panoro Minerals

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.