Panoro Minerals (CVE:PML) Hits New 12-Month High - What's Next?

Key Points

• Panoro Minerals hit a new 52-week high, trading as high as C$0.91 (last C$0.84) on Wednesday with about 7.66 million shares traded, representing roughly a 5.0% intraday gain.
• Financials signal risk: the company has a market cap of C$238.7M and a negative P/E (-84), with a very low current ratio (0.04) and a beta of 3.0, indicating unprofitability, potential liquidity concerns, and high volatility.
• Exploration-stage business: Panoro focuses on mineral exploration in Peru, with the Cotabambas project as its flagship targeting copper, molybdenum, lead, gold, silver and zinc.

Panoro Minerals Ltd. (CVE:PML - ) shares hit a new 52-week high on Wednesday . The stock traded as high as C$0.91 and last traded at C$0.84, with a volume of 7658826 shares. The stock had previously closed at C$0.80.

Panoro Minerals Stock Up 5.0%

The company has a debt-to-equity ratio of 0.35, a current ratio of 0.04 and a quick ratio of 0.81. The firm's 50-day simple moving average is C$0.64 and its two-hundred day simple moving average is C$0.50. The company has a market capitalization of C$238.70 million, a price-to-earnings ratio of -84.00 and a beta of 3.00.

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.

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