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

Key Points

• 52-week high: Panoro Minerals' stock reached a new 52-week high of C$1.21 (last C$1.20) on Wednesday, with 670,802 shares traded after closing previously at C$1.10.
• Key financials: The company shows a very low current ratio (0.04) and a negative P/E (-120.00), a market cap of C$341.01 million, and a beta of 3.20 indicating higher volatility.
• Business focus: Panoro is an exploration-stage miner operating in Peru, targeting copper and other metals with its flagship Cotabambas project.

Panoro Minerals Ltd. (CVE:PML - )'s stock price reached a new 52-week high on Wednesday . The stock traded as high as C$1.21 and last traded at C$1.20, with a volume of 670802 shares changing hands. The stock had previously closed at C$1.10.

Panoro Minerals Stock Performance

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 company's 50-day moving average price is C$0.84 and its two-hundred day moving average price is C$0.57. The company has a market cap of C$341.01 million, a P/E ratio of -120.00 and a beta of 3.20.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.