Panoro Minerals (CVE:PML) Hits New 12-Month High – Here’s What Happened

Panoro Minerals Ltd. (CVE:PML) reached a new 52-week high on Wednesday . The company traded as high as C$1.35 and last traded at C$1.32, with a volume of 1251960 shares trading hands. The stock had previously closed at C$1.20.

Panoro Minerals Trading Up 9.2%

The stock has a market cap of C$373.76 million, a P/E ratio of -131.00 and a beta of 3.20. 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 business’s 50 day simple moving average is C$0.88 and its 200 day simple moving average is C$0.59.

Insider Activity

In other news, Director William John Boden sold 50,000 shares of the stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of C$1.17, for a total value of C$58,500.00. Following the completion of the transaction, the director directly owned 12,248,620 shares of the company’s stock, valued at approximately C$14,330,885.40. This represents a 0.41% decrease in their position. Over the last ninety days, insiders sold 95,900 shares of company stock valued at $117,193. Corporate insiders own 17.34% of the company’s stock.

About Panoro Minerals

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.