Panoro Minerals (CVE:PML) Hits New 52-Week High – Here’s What Happened

Shares of Panoro Minerals Ltd. (CVE:PML) hit a new 52-week high during trading on Tuesday . The stock traded as high as C$1.70 and last traded at C$1.65, with a volume of 54900 shares traded. The stock had previously closed at C$1.67.

Panoro Minerals Stock Down 5.7%

The firm has a market capitalization of C$455.86 million, a price-to-earnings ratio of -74.00 and a beta of 3.54. The stock has a 50 day moving average of C$1.36 and a 200 day moving average of C$0.89. 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 Buying and Selling

In other news, Director William John Boden sold 50,000 shares of the business’s 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 value of C$58,500.00. Following the completion of the sale, the director directly owned 12,248,620 shares in the company, valued at approximately C$14,330,885.40. The trade was a 0.41% decrease in their position. Over the last 90 days, insiders sold 95,900 shares of company stock worth $117,193. Company 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.