Panoro Minerals (CVE:PML) Shares Up 10.1% – Here’s What Happened

Panoro Minerals Ltd. (CVE:PML)’s share price was up 10.1% on Tuesday . The stock traded as high as C$1.40 and last traded at C$1.31. Approximately 1,676,525 shares were traded during trading, an increase of 143% from the average daily volume of 689,307 shares. The stock had previously closed at C$1.19.

Panoro Minerals Trading Down 3.0%

The firm has a market capitalization of C$397.33 million, a PE ratio of -64.50 and a beta of 3.57. The firm’s fifty day moving average is C$1.12 and its two-hundred day moving average is C$0.72. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.04 and a quick ratio of 0.81.

Insiders Place Their Bets

In related news, Director William John Boden sold 50,000 shares of the business’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of C$1.17, for a total transaction of C$58,500.00. Following the transaction, the director directly owned 12,248,620 shares in the company, valued at approximately C$14,330,885.40. The trade was a 0.41% decrease in their ownership of the stock. Insiders have sold 95,900 shares of company stock worth $117,193 in the last 90 days. 17.34% of the stock is currently owned by insiders.

Panoro Minerals Company Profile

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.