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

Panoro Minerals Ltd. (CVE:PML) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$1.38 and last traded at C$1.35, with a volume of 561997 shares changing hands. The stock had previously closed at C$1.32.

Panoro Minerals Price Performance

The stock has a fifty day moving average price of C$0.96 and a 200-day moving average price of C$0.64. The company has a market cap of C$411.94 million, a PE ratio of -134.00 and a beta of 3.20. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.04 and a quick ratio of 0.81.

Insider Activity

In other news, Director William John Boden sold 40,000 shares of the stock in a transaction on 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 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 a total of 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.

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.