Pan Global Resources (CVE:PGZ) Stock Price Down 18.5% – Time to Sell?

Pan Global Resources Inc. (CVE:PGZ)’s share price fell 18.5% on Wednesday . The company traded as low as C$0.11 and last traded at C$0.11. 1,614,884 shares were traded during trading, an increase of 649% from the average session volume of 215,631 shares. The stock had previously closed at C$0.14.

Pan Global Resources Stock Performance

The stock has a 50 day moving average of C$0.14 and a 200 day moving average of C$0.15. The stock has a market capitalization of C$40.22 million, a P/E ratio of -6.25 and a beta of 1.11.

Insider Activity at Pan Global Resources

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

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.