Pan Global Resources (CVE:PGZ) Hits New 52-Week High - What's Next?

Key Points

• Pan Global Resources reached a new 52-week high of C$0.19 (last C$0.18) with volume of 310,205 shares, though the stock was reported down about 5.6%.
• The shares trade above the 50-day (C$0.14) and near the 200-day (C$0.15) moving averages; the company has a market capitalization of C$54.7M, a negative P/E (−8.50) and a beta of 1.24.
• Pan Global is a Spain-focused mineral exploration company targeting lead, zinc, silver, gold, tin, cobalt and copper, holding 100% interests in the Aguilas (~16,300 ha) and Escacena (~5,700 ha) projects.

Pan Global Resources Inc. (CVE:PGZ - ) reached a new 52-week high on Tuesday . The stock traded as high as C$0.19 and last traded at C$0.18, with a volume of 310205 shares. The stock had previously closed at C$0.18.

Pan Global Resources Stock Down 5.6%

The firm has a 50 day simple moving average of C$0.14 and a two-hundred day simple moving average of C$0.15. The stock has a market capitalization of C$54.69 million, a P/E ratio of -8.50 and a beta of 1.24.

Pan Global Resources Company Profile

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.

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