Panoro Minerals (CVE:PML) Sets New 12-Month High - Here's What Happened

Key Points

• 52-week high: Panoro Minerals hit a new 52-week high, trading as high as C$1.20 and last at C$1.15 on volume of 2,487,847 shares, up from a prior close of C$1.04.
• Valuation and volatility: the stock has a market capitalization of C$329.64 million, a negative P/E (-116.00) and a high beta (3.00), with the 50-day SMA at C$0.70 vs. the 200-day SMA at C$0.52; liquidity metrics include a low current ratio (0.04) and quick ratio (0.81) and debt-to-equity of 0.35.
• Business profile: Panoro is an exploration-stage miner focused on copper, molybdenum, lead, gold, silver and zinc in Peru, with the Cotabambas project as its flagship asset.

Panoro Minerals Ltd. (CVE:PML - ) hit a new 52-week high during trading on Thursday . The stock traded as high as C$1.20 and last traded at C$1.15, with a volume of 2487847 shares. The stock had previously closed at C$1.04.

Panoro Minerals Stock Performance

The stock has a market capitalization of C$329.64 million, a P/E ratio of -116.00 and a beta of 3.00. The stock's 50-day simple moving average is C$0.70 and its 200 day simple moving average is C$0.52. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.04 and a quick ratio of 0.81.

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.

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