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

Panoro Minerals Ltd. (CVE:PML) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$0.92 and traded as high as C$1.60. Panoro Minerals shares last traded at C$1.60, with a volume of 130,776 shares changing hands.

Panoro Minerals Price Performance

The stock has a 50 day moving average of C$1.39 and a 200-day moving average of C$0.92. 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 company has a market cap of C$492.82 million, a PE ratio of -80.00 and a beta of 3.54.

Insider Buying and Selling at Panoro Minerals

In other news, Director William John Boden sold 50,000 shares of the stock in a transaction dated Wednesday, May 6th. The stock was 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 approximately C$14,330,885.40. This represents a 0.41% decrease in their ownership of the stock. Insiders sold 95,900 shares of company stock valued at $117,193 over the last quarter. 17.34% of the stock is currently owned by corporate insiders.

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.