Panoro Minerals (CVE:PML) Stock Passes Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Panoro Minerals Ltd. (CVE:PML) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$0.48 and traded as high as C$0.67. Panoro Minerals shares last traded at C$0.62, with a volume of 294,368 shares changing hands.

Panoro Minerals Price Performance

The company has a market capitalization of C$176.19 million, a price-to-earnings ratio of -62.00 and a beta of 3.10. The company has a fifty day simple moving average of C$0.59 and a two-hundred day simple moving average of C$0.48. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.81 and a current ratio of 0.04.

Panoro Minerals Company Profile

Panoro Minerals Ltd., an exploration-stage company, engages in the acquisition, exploration, and development of mineral properties in Peru. The company explores for copper, molybdenum, lead, gold, silver, and zinc deposits. Its flagship project is the Cotabambas project located in the southern Peru. The company was formerly known as Panoro Resources Ltd. and changed its name to Panoro Minerals Ltd. in June 2003. Panoro Minerals Ltd. was incorporated in 1994 and is headquartered in Vancouver, Canada.