Pan Global Resources (CVE:PGZ) Stock Price Up 13.6%

Shares of Pan Global Resources Inc. (CVE:PGZ – Get Rating) rose 13.6% during trading on Friday . The company traded as high as C$0.35 and last traded at C$0.35. Approximately 202,100 shares changed hands during mid-day trading, an increase of 97% from the average daily volume of 102,349 shares. The stock had previously closed at C$0.31.

Pan Global Resources Stock Performance

The company has a market cap of C$74.25 million, a price-to-earnings ratio of -8.75 and a beta of 1.41. The company has a current ratio of 13.29, a quick ratio of 11.60 and a debt-to-equity ratio of 0.01. The stock’s fifty day simple moving average is C$0.35 and its 200 day simple moving average is C$0.40.

About Pan Global Resources

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Pan Global Resources Inc, a junior resource company, engages in the acquisition and exploration of mineral properties in Spain. It explores for lead, zinc, silver, gold, and copper deposits. The company has an option to acquire 100% interest in the Aguilas Project that includes 4 mineral exploration licenses covering 13,563 hectares, as well as additional mineral rights applications covering 2,803 hectares located in the provinces of Cordoba and Ciudad Real, Kingdom of Spain.