Panoro Minerals (CVE:PML) Hits New 52-Week High – Still a Buy?

Panoro Minerals Ltd. (CVE:PML)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as C$1.81 and last traded at C$1.68, with a volume of 55090 shares traded. The stock had previously closed at C$1.66.

Analyst Upgrades and Downgrades

Separately, Raymond James Financial set a C$4.25 target price on Panoro Minerals and gave the stock an “outperform” rating in a research note on Friday, July 31st. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of C$4.25.

Panoro Minerals Trading Up 1.8%

The firm has a market capitalization of C$520.54 million, a price-to-earnings ratio of -84.50 and a beta of 3.59. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.04 and a quick ratio of 0.81. The firm’s 50-day simple moving average is C$1.49 and its 200 day simple moving average is C$1.04.

Insider Buying and Selling at Panoro Minerals

In related news, Director William John Boden sold 40,000 shares of the business’s 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 sale, the director owned 12,202,720 shares of the company’s stock, valued at C$15,619,481.60. The trade was a 0.33% decrease in their ownership of the stock. Company 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.