Panoro Minerals (CVE:PML) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Panoro Minerals Ltd. (CVE:PML) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$0.75 and traded as high as C$1.43. Panoro Minerals shares last traded at C$1.43, with a volume of 159,161 shares.

Panoro Minerals Trading Up 2.5%

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 moving average is C$1.17 and its 200 day moving average is C$0.75. The company has a market capitalization of C$438.92 million, a PE ratio of -71.25 and a beta of 3.57.

Insider Activity at Panoro Minerals

In related news, Director William John Boden sold 50,000 shares of Panoro Minerals stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of C$1.17, for a total value of C$58,500.00. Following the transaction, the director directly owned 12,248,620 shares of the company’s stock, valued at C$14,330,885.40. The trade was a 0.41% decrease in their ownership of the stock. Insiders have sold 95,900 shares of company stock valued at $117,193 over the last quarter. 17.34% of the stock is owned by 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.