Pan Global Resources (CVE:PGZ) Stock Price Up 1.1%

Shares of Pan Global Resources Inc. (CVE:PGZGet Rating) rose 1.1% on Tuesday . The company traded as high as C$0.47 and last traded at C$0.47. Approximately 471,000 shares traded hands during trading, an increase of 385% from the average daily volume of 97,111 shares. The stock had previously closed at C$0.46.

The stock has a 50 day moving average of C$0.55 and a 200-day moving average of C$0.68. The company has a market capitalization of C$96.59 million and a P/E ratio of -9.40. The company has a current ratio of 20.65, a quick ratio of 20.53 and a debt-to-equity ratio of 0.04.

In other Pan Global Resources news, Director Patrick Charles Evans acquired 50,000 shares of the stock in a transaction dated Tuesday, May 24th. The shares were acquired at an average cost of C$0.54 per share, for a total transaction of C$26,880.00. Following the completion of the transaction, the director now directly owns 2,879,973 shares of the company’s stock, valued at C$1,548,273.48. Insiders acquired a total of 124,973 shares of company stock valued at $78,827 in the last quarter.

Pan Global Resources Company Profile (CVE:PGZ)

Pan Global Resources Inc, a junior resource company, engages in the acquisition and exploration of mineral properties in Spain. It explores for lead, zinc, silver, gold, and copper deposits. The company has an option to acquire 100% interest in the Aguilas Project that includes 4 mineral exploration licenses covering 13,563 hectares, as well as additional mineral rights applications covering 2,803 hectares located in the provinces of Cordoba and Ciudad Real, Kingdom of Spain.

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