Panoro Minerals (CVE:PML) Stock Passes Above 200-Day Moving Average – Here’s What Happened

Panoro Minerals Ltd. (CVE:PML) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$1.28 and traded as high as C$1.93. Panoro Minerals shares last traded at C$1.84, with a volume of 1,031,097 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Raymond James Financial set a C$4.25 price target on Panoro Minerals and gave the stock an “outperform” rating in a research report on Friday, July 31st. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of C$4.25.

Panoro Minerals Stock Down 5.9%

The company has a market capitalization of C$538.03 million, a P/E ratio of -58.00 and a beta of 3.56. 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 company has a 50 day moving average of C$1.70 and a 200-day moving average of C$1.30.

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.