Panoro Minerals (CVE:PML) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

Shares of Panoro Minerals Ltd. (CVE:PML) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$0.97 and traded as high as C$1.65. Panoro Minerals shares last traded at C$1.62, with a volume of 383,178 shares changing hands.

Panoro Minerals Stock Down 3.0%

The business has a 50-day simple moving average of C$1.44 and a two-hundred day simple moving average of C$0.98. 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$492.82 million, a price-to-earnings ratio of -80.00 and a beta of 3.54.

Insider Buying and Selling

In other news, Director William John Boden sold 50,000 shares of the firm’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of C$1.17, for a total value of C$58,500.00. Following the completion of the sale, the director owned 12,248,620 shares in the company, valued at approximately C$14,330,885.40. This trade represents a 0.41% decrease in their position. In the last ninety days, insiders have sold 95,900 shares of company stock worth $117,193. 17.34% of the stock is currently 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.