Panoro Minerals (CVE:PML) Reaches New 52-Week High – Here’s What Happened

Panoro Minerals Ltd. (CVE:PML)’s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as C$1.82 and last traded at C$1.81, with a volume of 265867 shares changing hands. The stock had previously closed at C$1.77.

Analysts Set New Price Targets

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

Panoro Minerals Price Performance

The stock has a market cap of C$557.50 million, a PE ratio of -90.50 and a beta of 3.59. 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 business has a 50 day moving average price of C$1.59 and a two-hundred day moving average price of C$1.15.

Panoro Minerals Company Profile

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.