Panoro Minerals (CVE:PML) Trading 31% Higher – Should You Buy?

Shares of Panoro Minerals Ltd. (CVE:PMLGet Free Report) were up 31% on Tuesday . The stock traded as high as C$0.55 and last traded at C$0.55. Approximately 113,006 shares were traded during trading, a decline of 18% from the average daily volume of 137,108 shares. The stock had previously closed at C$0.42.

Panoro Minerals Stock Performance

The stock has a market cap of C$137.09 million, a price-to-earnings ratio of -50.00 and a beta of 1.66. 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 company has a 50 day simple moving average of C$0.40 and a 200 day simple moving average of C$0.43.

About Panoro Minerals

(Get Free Report)

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.

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