Panoro Minerals (CVE:PML) Reaches New 52-Week High – Time to Buy?

Panoro Minerals Ltd. (CVE:PML) shares reached a new 52-week high on Friday . The company traded as high as C$1.82 and last traded at C$1.81, with a volume of 265867 shares trading hands. The stock had previously closed at C$1.77.

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 report on Friday, July 31st. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of C$4.25.

Panoro Minerals Trading Up 5.1%

The business’s 50 day moving average is C$1.60 and its two-hundred day moving average is C$1.15. 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 firm has a market capitalization of C$572.90 million, a P/E ratio of -93.00 and a beta of 3.59.

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.