Panoro Minerals (CVE:PML) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Panoro Minerals Ltd. (CVE:PML)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$0.97 and traded as high as C$1.65. Panoro Minerals shares last traded at C$1.62, with a volume of 383,178 shares changing hands.

Panoro Minerals Trading Up 7.3%

The firm has a market cap of C$498.98 million, a PE ratio of -81.00 and a beta of 3.54. The company has a 50-day simple moving average of C$1.43 and a 200 day simple moving average of C$0.97. The company has a current ratio of 0.04, a quick ratio of 0.81 and a debt-to-equity ratio of 0.35.

Insider Activity

In related news, Director William John Boden sold 50,000 shares of the company’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of C$1.17, for a total value of C$58,500.00. Following the completion of the transaction, the director owned 12,248,620 shares of the company’s stock, valued at approximately C$14,330,885.40. This represents a 0.41% decrease in their position. In the last ninety days, insiders have sold 95,900 shares of company stock valued at $117,193. Insiders own 17.34% of the company’s stock.

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.