Panoro Minerals (CVE:PML) Sets New 52-Week High – Should You Buy?

Panoro Minerals Ltd. (CVE:PMLGet Free Report)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$1.70 and last traded at C$1.70, with a volume of 124233 shares traded. The stock had previously closed at C$1.61.

Analyst Ratings Changes

Separately, Raymond James Financial set a C$4.25 target price on Panoro Minerals and gave the company an “outperform” rating in a report on Friday. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of C$4.25.

Get Our Latest Stock Report on Panoro Minerals

Panoro Minerals Stock Down 6.1%

The firm’s 50 day moving average is C$1.48 and its two-hundred day moving average is C$1.02. The stock has a market cap of C$477.42 million, a price-to-earnings ratio of -77.50 and a beta of 3.54. The company has a current ratio of 0.04, a quick ratio of 0.81 and a debt-to-equity ratio of 0.35.

Insider Activity

In other news, Director William John Boden sold 40,000 shares of Panoro Minerals 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. The trade was a 0.33% decrease in their ownership of the stock. Over the last 90 days, insiders have sold 95,900 shares of company stock worth $117,193. 17.34% of the stock is owned by company insiders.

About Panoro Minerals

(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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