Panoro Minerals (CVE:PML) Hits New 1-Year High – Here’s Why

Shares of Panoro Minerals Ltd. (CVE:PML) hit a new 52-week high during trading on Tuesday . The stock traded as high as C$1.50 and last traded at C$1.38, with a volume of 422524 shares. The stock had previously closed at C$1.33.

Panoro Minerals Stock Up 3.8%

The firm has a market cap of C$424.23 million, a P/E ratio of -69.00 and a beta of 3.20. 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 firm’s fifty day moving average is C$1.03 and its 200 day moving average is C$0.68.

Insider Activity at Panoro Minerals

In related news, Director William John Boden sold 40,000 shares of Panoro Minerals stock in a transaction dated Friday, May 8th. The shares were sold at an average price of C$1.28, for a total transaction of C$51,200.00. Following the completion of the sale, the director owned 12,202,720 shares of the company’s stock, valued at approximately C$15,619,481.60. The trade was a 0.33% decrease in their position. Over the last ninety days, insiders have sold 95,900 shares of company stock worth $117,193. 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.