Panoro Minerals (CVE:PML) Trading 31% Higher – Still a Buy?

Panoro Minerals Ltd. (CVE:PMLGet Free Report) shares shot up 31% during trading on Tuesday . The company traded as high as C$0.55 and last traded at C$0.55. 113,006 shares were traded during trading, a decline of 15% from the average session volume of 132,216 shares. The stock had previously closed at C$0.42.

Panoro Minerals Trading Up 21.4%

The company has a quick ratio of 0.81, a current ratio of 0.04 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of C$139.83 million, a price-to-earnings ratio of -51.00 and a beta of 1.66. The company has a fifty day moving average of C$0.40 and a two-hundred day moving average of C$0.43.

About Panoro Minerals

(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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