Panoro Minerals (CVE:PML) Shares Up 1.7% – Here’s What Happened

Panoro Minerals Ltd. (CVE:PML)’s share price traded up 1.7% during mid-day trading on Wednesday. The stock traded as high as C$1.24 and last traded at C$1.20. 654,028 shares were traded during mid-day trading, an increase of 27% from the average session volume of 514,165 shares. The stock had previously closed at C$1.18.

Analyst Upgrades and Downgrades

Separately, Raymond James Financial set a C$4.25 target price on Panoro Minerals and gave the stock an “outperform” rating in a report on Friday, July 31st. One equities research analyst has rated the stock with a Buy rating. Based on data from MarketBeat, Panoro Minerals presently has an average rating of “Buy” and an average target price of C$4.25.

Panoro Minerals Price Performance

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’s 50 day moving average price is C$1.52 and its two-hundred day moving average price is C$1.25. The firm has a market capitalization of C$371.75 million, a price-to-earnings ratio of -40.00 and a beta of 3.59.

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.