Panoro Minerals (CVE:PML) Hits New 52-Week High – Still a Buy?

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

Panoro Minerals Stock Up 3.7%

The business’s 50-day moving average is C$1.46 and its two-hundred day moving average is C$1.01. 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 firm has a market capitalization of C$514.38 million, a price-to-earnings ratio of -83.50 and a beta of 3.54.

Insider Activity

In other Panoro Minerals news, Director William John Boden sold 40,000 shares of the stock in a transaction dated Friday, May 8th. The stock was sold at an average price of C$1.28, for a total value of C$51,200.00. Following the completion of the sale, the director directly owned 12,202,720 shares in the company, valued at C$15,619,481.60. This represents a 0.33% decrease in their ownership of the stock. Insiders sold 95,900 shares of company stock valued at $117,193 in the last ninety days. 17.34% of the stock is owned by corporate insiders.

About Panoro Minerals

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.