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

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

Panoro Minerals Trading Up 12.4%

The business has a fifty day moving average of C$1.21 and a 200-day moving average of C$0.77. 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 company has a market capitalization of C$502.06 million, a P/E ratio of -81.50 and a beta of 3.57.

Insider Buying and Selling at Panoro Minerals

In other news, Director William John Boden sold 50,000 shares of Panoro Minerals stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of C$1.17, for a total transaction of C$58,500.00. Following the completion of the transaction, the director directly owned 12,248,620 shares in the company, valued at C$14,330,885.40. This trade represents a 0.41% decrease in their ownership of the stock. Insiders have sold 95,900 shares of company stock valued at $117,193 over the last 90 days. 17.34% of the stock is currently owned by company 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.