Pan Global Resources (CVE:PGZ) Trading Down 14.8% – Here’s What Happened

Pan Global Resources Inc. (CVE:PGZ) traded down 14.8% during trading on Wednesday . The stock traded as low as C$0.11 and last traded at C$0.12. 1,035,384 shares changed hands during trading, an increase of 386% from the average session volume of 213,103 shares. The stock had previously closed at C$0.14.

Pan Global Resources Trading Down 7.4%

The company has a market capitalization of C$40.22 million, a price-to-earnings ratio of -6.25 and a beta of 1.11. The business’s 50 day moving average price is C$0.14 and its two-hundred day moving average price is C$0.15.

Insider Buying and Selling at Pan Global Resources

In related news, Director Patrick Charles Evans purchased 500,000 shares of the stock in a transaction dated Wednesday, December 31st. The stock was bought at an average cost of C$0.12 per share, for a total transaction of C$60,000.00. Following the completion of the acquisition, the director owned 6,356,032 shares of the company’s stock, valued at approximately C$762,723.84. This represents a 8.54% increase in their ownership of the stock. Insiders own 8.29% of the company’s stock.

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.