Panoro Minerals (CVE:PML) Stock Price Up 31% – Here’s What Happened

Panoro Minerals Ltd. (CVE:PMLGet Free Report) shares rose 31% during trading on Tuesday . The stock traded as high as C$0.55 and last traded at C$0.55. Approximately 113,006 shares traded hands during mid-day trading, a decline of 15% from the average daily volume of 132,216 shares. The stock had previously closed at C$0.42.

Panoro Minerals Price Performance

The business’s fifty day simple moving average is C$0.42 and its 200-day simple moving average is C$0.43. 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$127.49 million, a P/E ratio of -46.50 and a beta of 2.16.

Panoro Minerals Company Profile

(Get Free Report)

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.

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