Panoro Minerals (CVE:PML) Hits New 12-Month High – Still a Buy?

Panoro Minerals Ltd. (CVE:PML)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as C$1.70 and last traded at C$1.70, with a volume of 124233 shares trading hands. The stock had previously closed at C$1.61.

Panoro Minerals Stock Up 3.7%

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 business has a 50-day simple moving average of C$1.46 and a two-hundred day simple moving average of C$1.01. The company has a market cap of C$514.38 million, a price-to-earnings ratio of -83.50 and a beta of 3.54.

Insider Transactions at Panoro Minerals

In other Panoro Minerals news, Director William John Boden sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of C$1.17, for a total transaction of C$58,500.00. Following the completion of the transaction, the director owned 12,248,620 shares in the company, valued at C$14,330,885.40. This trade represents a 0.41% decrease in their ownership of the stock. Insiders have sold a total of 95,900 shares of company stock valued at $117,193 over the last three months. 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.