Panoro Minerals (CVE:PML – Get Free Report) has been assigned a C$4.25 target price by equities research analysts at Raymond James Financial in a report issued on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Raymond James Financial’s price objective would indicate a potential upside of 170.70% from the company’s current price.
Panoro Minerals Stock Performance
CVE PML traded down C$0.08 on Friday, reaching C$1.57. The stock had a trading volume of 170,827 shares, compared to its average volume of 620,989. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.04 and a quick ratio of 0.81. The company has a market cap of C$483.58 million, a P/E ratio of -78.50 and a beta of 3.54. The firm has a fifty day moving average of C$1.47 and a two-hundred day moving average of C$1.02. Panoro Minerals has a 1-year low of C$0.28 and a 1-year high of C$1.73.
Insider Activity at Panoro Minerals
In related news, Director William John Boden sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of C$1.17, for a total transaction of C$58,500.00. Following the transaction, the director directly owned 12,248,620 shares of the company’s stock, valued at approximately C$14,330,885.40. This trade represents a 0.41% decrease in their ownership of the stock. Insiders have sold 95,900 shares of company stock valued at $117,193 in the last 90 days. Corporate 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.
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