Pan Global Resources (CVE:PGZ) Hits New 52-Week High – What’s Next?

Pan Global Resources Inc. (CVE:PGZ) shares hit a new 52-week high during trading on Tuesday . The company traded as high as C$0.19 and last traded at C$0.18, with a volume of 310205 shares changing hands. The stock had previously closed at C$0.18.

Pan Global Resources Trading Down 5.6%

The company has a market capitalization of C$54.69 million, a P/E ratio of -8.50 and a beta of 1.24. The stock has a 50 day moving average price of C$0.14 and a 200 day moving average price of C$0.15.

About Pan Global Resources

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.