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

Panoro Minerals Ltd. (CVE:PML)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$0.85 and traded as high as C$1.59. Panoro Minerals shares last traded at C$1.59, with a volume of 290,322 shares changing hands.

Panoro Minerals Stock Performance

The company has a market cap of C$498.98 million, a PE ratio of -81.00 and a beta of 3.54. The stock’s 50 day simple moving average is C$1.32 and its two-hundred day simple moving average is C$0.86. The company has a quick ratio of 0.81, a current ratio of 0.04 and a debt-to-equity ratio of 0.35.

Insiders Place Their Bets

In other Panoro Minerals news, Director William John Boden sold 50,000 shares of the business’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of C$1.17, for a total transaction of C$58,500.00. Following the completion of the sale, the director owned 12,248,620 shares of the company’s stock, valued at approximately C$14,330,885.40. The trade was a 0.41% decrease in their ownership of the stock. Insiders sold a total of 95,900 shares of company stock valued at $117,193 in 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.