Pan Global Resources (CVE:PGZ) Shares Down 4.6% – Here’s Why

Shares of Pan Global Resources Inc. (CVE:PGZGet Free Report) traded down 4.6% during mid-day trading on Wednesday . The stock traded as low as C$0.15 and last traded at C$0.15. 257,241 shares changed hands during mid-day trading, an increase of 56% from the average session volume of 164,971 shares. The stock had previously closed at C$0.15.

Pan Global Resources Stock Down 3.4%

The stock’s 50-day simple moving average is C$0.12 and its 200 day simple moving average is C$0.13. The firm has a market cap of C$44.06 million, a P/E ratio of -5.09 and a beta of 1.55.

About Pan Global Resources

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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.

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