Pan Global Resources (CVE:PGZ) Trading 11.5% Higher – What’s Next?

Pan Global Resources Inc. (CVE:PGZ)’s stock price was up 11.5% on Tuesday . The stock traded as high as C$0.15 and last traded at C$0.15. Approximately 141,757 shares traded hands 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 Up 15.4%

The business has a fifty day moving average price of C$0.14 and a 200 day moving average price of C$0.15. The company has a market capitalization of C$48.26 million, a P/E ratio of -7.50 and a beta of 1.42.

Insider Buying and Selling at Pan Global Resources

In related news, Director Patrick Charles Evans purchased 500,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 31st. The shares were acquired at an average price of C$0.12 per share, for a total transaction of C$60,000.00. Following the purchase, the director owned 6,356,032 shares in the company, valued at approximately C$762,723.84. This represents a 8.54% increase in their ownership of the stock. 8.29% of the stock is owned by insiders.

Pan Global Resources Company Profile

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.