Pan Global Resources (CVE:PGZ) Shares Down 14.8% – Time to Sell?

Pan Global Resources Inc. (CVE:PGZ)’s share price traded down 14.8% during trading on Wednesday . The company traded as low as C$0.11 and last traded at C$0.12. 1,035,384 shares traded hands during trading, an increase of 386% from the average session volume of 213,103 shares. The stock had previously closed at C$0.14.

Pan Global Resources Price Performance

The stock has a market cap of C$37.00 million, a P/E ratio of -5.75 and a beta of 1.11. The stock has a 50-day simple moving average of C$0.15 and a 200-day simple moving average of C$0.15.

Pan Global Resources Company Profile

Pan Global Resources Inc, a mineral exploration company, engages in the exploration and evaluation of mineral properties in Spain. The company explores for lead, zinc, silver, gold, tin, cobalt, and copper deposits. It holds 100% interest in the Aguilas project, which comprises nine investigation permits that covers an area of approximately 16,300 hectares, as well as additional mineral rights applications covering an area of approximately 2,803 hectares. located in the provinces of Cordoba and Ciudad Real, Spain; and a 100% interest in the Escacena Project covering an area of approximately 5,700 hectares situated in southern Spain.