Panoro Minerals (CVE:PML) Hits New 1-Year High – Here’s Why

Panoro Minerals Ltd. (CVE:PML) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$1.50 and last traded at C$1.38, with a volume of 422524 shares changing hands. The stock had previously closed at C$1.33.

Panoro Minerals Stock Up 3.8%

The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.81 and a current ratio of 0.04. The stock has a market cap of C$424.23 million, a P/E ratio of -69.00 and a beta of 3.20. The stock’s fifty day simple moving average is C$1.03 and its 200-day simple moving average is C$0.68.

Insider Transactions at Panoro Minerals

In other news, Director William John Boden sold 40,000 shares of the company’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 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. Over the last ninety days, insiders have sold 95,900 shares of company stock valued at $117,193. 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.