Panoro Minerals (CVE:PML) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Panoro Minerals Ltd. (CVE:PML) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$0.47 and traded as high as C$0.79. Panoro Minerals shares last traded at C$0.77, with a volume of 32,401 shares trading hands.

Panoro Minerals Stock Down 3.8%

The stock has a market capitalization of C$218.81 million, a P/E ratio of -77.00 and a beta of 3.10. The company has a current ratio of 0.04, a quick ratio of 0.81 and a debt-to-equity ratio of 0.35. The stock’s 50 day simple moving average is C$0.56 and its 200 day simple moving average is C$0.47.

About Panoro Minerals

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.