Panoro Minerals (CVE:PML) Stock Jumps 1.7% – Here’s What Happened

Panoro Minerals Ltd. (CVE:PML) shares rose 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 were traded during trading, an increase of 27% from the average daily volume of 514,165 shares. The stock had previously closed at C$1.18.

Analyst Ratings Changes

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

Panoro Minerals Stock Up 1.7%

The stock has a market capitalization of C$371.75 million, a price-to-earnings ratio of -40.00 and a beta of 3.59. The firm’s fifty day moving average is C$1.52 and its 200-day moving average is C$1.25. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.04 and a quick ratio of 0.81.

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.