Panoro Minerals (CVE:PML) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

Shares of Panoro Minerals Ltd. (CVE:PML) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$0.92 and traded as high as C$1.60. Panoro Minerals shares last traded at C$1.60, with a volume of 130,776 shares trading hands.

Panoro Minerals Stock Performance

The company has a quick ratio of 0.81, a current ratio of 0.04 and a debt-to-equity ratio of 0.35. The company has a 50-day moving average price of C$1.40 and a 200-day moving average price of C$0.93. The firm has a market capitalization of C$462.02 million, a price-to-earnings ratio of -75.00 and a beta of 3.54.

Insider Transactions at Panoro Minerals

In other news, Director William John Boden sold 50,000 shares of the stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of C$1.17, for a total transaction of C$58,500.00. Following the completion of the sale, the director owned 12,248,620 shares in the company, valued at approximately C$14,330,885.40. This represents a 0.41% decrease in their position. Insiders sold 95,900 shares of company stock worth $117,193 over the last quarter. 17.34% of the stock is owned by 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.