Panoro Minerals (CVE:PML) Stock Price Up 10.1% – Should You Buy?

Panoro Minerals Ltd. (CVE:PML) shot up 10.1% during mid-day trading on Tuesday . The stock traded as high as C$1.40 and last traded at C$1.31. 1,676,525 shares were traded during mid-day trading, an increase of 143% from the average session volume of 689,307 shares. The stock had previously closed at C$1.19.

Panoro Minerals Trading Up 15.1%

The firm’s 50-day moving average is C$1.09 and its 200-day moving average is C$0.71. The company has a current ratio of 0.04, a quick ratio of 0.81 and a debt-to-equity ratio of 0.35. The firm has a market cap of C$421.98 million, a price-to-earnings ratio of -68.50 and a beta of 3.57.

Insider Transactions at Panoro Minerals

In related news, Director William John Boden sold 40,000 shares of Panoro Minerals stock in a transaction on Friday, May 8th. The shares were sold at an average price of C$1.28, for a total value 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. This trade represents a 0.33% decrease in their position. Over the last three months, insiders have sold 95,900 shares of company stock valued at $117,193. Company insiders own 17.34% of the company’s stock.

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.