Panoro Minerals (CVE:PML) Hits New 1-Year High – Time to Buy?

Panoro Minerals Ltd. (CVE:PML)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as C$1.70 and last traded at C$1.65, with a volume of 54900 shares traded. The stock had previously closed at C$1.67.

Panoro Minerals Stock Performance

The company has a current ratio of 0.04, a quick ratio of 0.81 and a debt-to-equity ratio of 0.35. The stock’s 50 day moving average is C$1.33 and its 200 day moving average is C$0.87. The stock has a market capitalization of C$480.50 million, a price-to-earnings ratio of -78.00 and a beta of 3.54.

Insider Activity

In other news, Director William John Boden sold 40,000 shares of the firm’s 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 transaction, the director directly owned 12,202,720 shares of the company’s stock, valued at C$15,619,481.60. This trade represents a 0.33% decrease in their position. Insiders have sold a total of 95,900 shares of company stock valued at $117,193 over the last quarter. 17.34% of the stock is owned by corporate insiders.

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.