Panoro Minerals (CVE:PML) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Panoro Minerals Ltd. (CVE:PML) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$0.85 and traded as high as C$1.59. Panoro Minerals shares last traded at C$1.59, with a volume of 290,322 shares.

Panoro Minerals Stock Up 3.2%

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 price is C$1.31 and its 200 day moving average price is C$0.85. The firm has a market cap of C$489.74 million, a P/E ratio of -79.50 and a beta of 3.57.

Insider Transactions at Panoro Minerals

In other Panoro Minerals news, Director William John Boden sold 40,000 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of C$1.28, for a total transaction of C$51,200.00. Following the sale, the director owned 12,202,720 shares in the company, valued at C$15,619,481.60. This represents a 0.33% decrease in their ownership of the stock. Insiders sold a total of 95,900 shares of company stock worth $117,193 in the last 90 days. Corporate 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.