Panoro Minerals (CVE:PML) Reaches New 52-Week High – Time to Buy?

Shares of Panoro Minerals Ltd. (CVE:PML) hit a new 52-week high on Wednesday . The company traded as high as C$1.52 and last traded at C$1.49, with a volume of 378757 shares trading hands. The stock had previously closed at C$1.43.

Panoro Minerals Trading Up 0.4%

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 stock has a market cap of C$440.46 million, a PE ratio of -71.50 and a beta of 3.57. The stock has a 50-day moving average of C$1.17 and a 200 day moving average of C$0.75.

Insider Buying and Selling at Panoro Minerals

In other news, Director William John Boden sold 50,000 shares of the business’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of C$1.17, for a total value of C$58,500.00. Following the completion of the transaction, the director owned 12,248,620 shares of the company’s stock, valued at C$14,330,885.40. The trade was a 0.41% decrease in their position. In the last ninety days, insiders sold 95,900 shares of company stock worth $117,193. Company 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.