Panoro Minerals (CVE:PML) Reaches New 1-Year High – What’s Next?

Panoro Minerals Ltd. (CVE:PML)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$1.50 and last traded at C$1.38, with a volume of 422524 shares traded. The stock had previously closed at C$1.33.

Panoro Minerals Trading Down 6.8%

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 firm’s fifty day simple moving average is C$1.06 and its 200-day simple moving average is C$0.69. The stock has a market cap of C$418.89 million, a P/E ratio of -68.00 and a beta of 3.57.

Insider Buying and Selling at Panoro Minerals

In other news, Director William John Boden sold 40,000 shares of Panoro Minerals stock in a transaction on Friday, May 8th. The shares were sold at an average price of C$1.28, for a total value of C$51,200.00. Following the completion of the sale, the director owned 12,202,720 shares in the company, valued at C$15,619,481.60. The trade was a 0.33% decrease in their position. In the last three months, insiders have sold 95,900 shares of company stock valued at $117,193. Insiders own 17.34% of the company’s stock.

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.