Panoro Minerals (CVE:PML) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Shares of Panoro Minerals Ltd. (CVE:PML) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$0.81 and traded as high as C$1.51. Panoro Minerals shares last traded at C$1.40, with a volume of 340,156 shares.

Panoro Minerals Stock Down 9.1%

The stock’s 50-day moving average is C$1.26 and its 200-day moving average is C$0.81. The stock has a market cap of C$431.22 million, a P/E ratio of -70.00 and a beta of 3.57. The company has a current ratio of 0.04, a quick ratio of 0.81 and a debt-to-equity ratio of 0.35.

Insider Activity at Panoro Minerals

In other news, Director William John Boden sold 40,000 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the director directly owned 12,202,720 shares of the company’s stock, valued at approximately C$15,619,481.60. This represents a 0.33% decrease in their position. In the last 90 days, insiders have sold 95,900 shares of company stock worth $117,193. 17.34% of the stock is currently 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.