Panoro Minerals (CVE:PML) Shares Climb 1.7% – Here’s What Happened

Panoro Minerals Ltd. (CVE:PML) shot up 1.7% during mid-day trading on Wednesday. The company traded as high as C$1.24 and last traded at C$1.20. 654,028 shares changed hands during mid-day trading, an increase of 27% from the average session volume of 514,165 shares. The stock had previously closed at C$1.18.

Wall Street Analyst Weigh In

Separately, Raymond James Financial set a C$4.25 price objective on Panoro Minerals and gave the stock an “outperform” rating in a research note on Friday, July 31st. One analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of C$4.25.

Panoro Minerals Trading Up 1.3%

The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.81 and a current ratio of 0.04. The company has a market capitalization of C$351.62 million, a P/E ratio of -37.83 and a beta of 3.59. The company’s fifty day simple moving average is C$1.50 and its 200-day simple moving average is C$1.26.

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.