Panoro Minerals (CVE:PML) Share Price Passes Above 200 Day Moving Average – Here’s What Happened

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$0.75 and traded as high as C$1.43. Panoro Minerals shares last traded at C$1.43, with a volume of 159,161 shares trading hands.

Panoro Minerals Stock Up 12.4%

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 capitalization of C$502.06 million, a P/E ratio of -81.50 and a beta of 3.57. The stock has a 50-day moving average price of C$1.21 and a 200-day moving average price of C$0.77.

Insider Buying and Selling

In other Panoro Minerals news, Director William John Boden sold 40,000 shares of the stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of C$1.28, for a total transaction of C$51,200.00. Following the completion of the sale, the director owned 12,202,720 shares of the company’s stock, valued at approximately C$15,619,481.60. This represents a 0.33% decrease in their position. Insiders sold 95,900 shares of company stock valued at $117,193 in the last quarter. Corporate insiders own 17.34% of the company’s stock.

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.