Pan Global Resources (CVE:PGZ) Shares Down 11.1% – What’s Next?

Pan Global Resources Inc. (CVE:PGZ)’s share price traded down 11.1% during mid-day trading on Wednesday . The company traded as low as C$0.11 and last traded at C$0.12. 1,892,792 shares traded hands during mid-day trading, an increase of 767% from the average session volume of 218,416 shares. The stock had previously closed at C$0.14.

Pan Global Resources Trading Down 7.4%

The firm has a market capitalization of C$40.22 million, a P/E ratio of -6.25 and a beta of 1.11. The business’s 50 day simple moving average is C$0.14 and its two-hundred day simple moving average is C$0.15.

Insider Activity at Pan Global Resources

In other news, Director Patrick Charles Evans purchased 500,000 shares of Pan Global Resources stock in a transaction that occurred on Wednesday, December 31st. The stock was bought at an average price of C$0.12 per share, with a total value of C$60,000.00. Following the completion of the transaction, the director directly owned 6,356,032 shares of the company’s stock, valued at approximately C$762,723.84. The trade was a 8.54% increase in their ownership of the stock. 8.29% of the stock is currently 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.