Pan Global Resources (CVE:PGZ) Trading 11.5% Higher – Here’s Why

Shares of Pan Global Resources Inc. (CVE:PGZ) were up 11.5% on Tuesday . The company traded as high as C$0.15 and last traded at C$0.15. Approximately 141,757 shares were traded during trading, a decline of 76% from the average daily volume of 593,316 shares. The stock had previously closed at C$0.13.

Pan Global Resources Stock Performance

The company’s fifty day moving average price is C$0.14 and its 200-day moving average price is C$0.15. The stock has a market cap of C$46.65 million, a P/E ratio of -7.25 and a beta of 1.42.

Insider Activity

In other Pan Global Resources news, Director Patrick Charles Evans bought 500,000 shares of the business’s stock in a transaction dated Wednesday, December 31st. The shares were purchased at an average price of C$0.12 per share, with a total value of C$60,000.00. Following the completion of the purchase, the director owned 6,356,032 shares in the company, valued at C$762,723.84. This represents a 8.54% increase in their position. 8.29% of the stock is owned by company insiders.

About Pan Global Resources

Pan Global Resources Inc, a mineral exploration company, engages in the exploration and evaluation of mineral properties in Spain. The company explores for lead, zinc, silver, gold, tin, cobalt, and copper deposits. It holds 100% interest in the Aguilas project, which comprises nine investigation permits that covers an area of approximately 16,300 hectares, as well as additional mineral rights applications covering an area of approximately 2,803 hectares. located in the provinces of Cordoba and Ciudad Real, Spain; and a 100% interest in the Escacena Project covering an area of approximately 5,700 hectares situated in southern Spain.