Panoro Minerals (CVE:PML) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Panoro Minerals Ltd. (CVE:PMLGet Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$0.43 and traded as high as C$0.54. Panoro Minerals shares last traded at C$0.52, with a volume of 77,002 shares.

Panoro Minerals Stock Performance

The stock has a fifty day simple moving average of C$0.40 and a two-hundred day simple moving average of C$0.43. 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 stock has a market cap of C$142.57 million, a price-to-earnings ratio of -52.00 and a beta of 1.66.

Panoro Minerals Company Profile

(Get Free Report)

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.

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