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Panoro Minerals (CVE:PML) Share Price Passes Above 200-Day Moving Average - Should You Sell?

Panoro Minerals logo with Basic Materials background
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Key Points

  • Technical breakout: Shares crossed above the 200-day moving average, trading as high as C$0.71 and last at C$0.70 versus a 200-day MA of C$0.48 (volume ~6,500).
  • Risky fundamentals: Market cap ~C$198.9M, negative P/E (-70), high volatility (beta 3.10) and very weak short-term liquidity (current ratio 0.04) signal speculative/exploration-stage risk.
  • Business profile: Panoro is an exploration-stage miner operating in Peru, targeting copper, molybdenum, gold, silver, lead and zinc with the Cotabambas project as its flagship.
  • MarketBeat previews top five stocks to own in May.

Shares of Panoro Minerals Ltd. (CVE:PML - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.48 and traded as high as C$0.71. Panoro Minerals shares last traded at C$0.70, with a volume of 6,500 shares.

Panoro Minerals Stock Performance

The firm has a market cap of C$198.92 million, a PE ratio of -70.00 and a beta of 3.10. The stock has a 50-day moving average price of C$0.62 and a 200 day moving average price of C$0.48. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.04 and a quick ratio of 0.81.

Panoro Minerals Company Profile

(Get Free Report)

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.

See Also

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