Panoro Minerals (CVE:PML) Sets New 1-Year High – Here’s What Happened

Panoro Minerals Ltd. (CVE:PML)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as C$1.52 and last traded at C$1.49, with a volume of 378757 shares traded. The stock had previously closed at C$1.43.

Panoro Minerals Trading Up 0.4%

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 company has a fifty day moving average price of C$1.17 and a two-hundred day moving average price of C$0.75. The firm has a market capitalization of C$440.46 million, a price-to-earnings ratio of -71.50 and a beta of 3.57.

Insider Activity

In other news, Director William John Boden sold 40,000 shares of Panoro Minerals stock in a transaction on Friday, May 8th. The stock was sold at an average price of C$1.28, for a total transaction of C$51,200.00. Following the transaction, the director owned 12,202,720 shares in the company, valued at C$15,619,481.60. The trade was a 0.33% decrease in their position. Over the last three months, insiders sold 95,900 shares of company stock valued at $117,193. 17.34% of the stock is owned by company insiders.

Panoro Minerals Company Profile

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.