Panoro Minerals (CVE:PML) Shares Down 7.4% - Time to Sell?

Key Points

• Shares fell 7.4% to C$0.88 on Friday with about 166,000 shares traded, roughly 50% below the stock's average daily volume and down from a C$0.95 close.
• Financial/profile snapshot: Market cap C$255.8M, negative PE (-90), high beta (3.0), 50‑/200‑day moving averages of C$0.66/C$0.50, very low current ratio (0.04), and Panoro is an exploration‑stage miner focused on the Cotabambas project in Peru.

Panoro Minerals Ltd. (CVE:PML - ) dropped 7.4% during trading on Friday . The company traded as low as C$0.88 and last traded at C$0.88. Approximately 166,000 shares traded hands during mid-day trading, a decline of 50% from the average daily volume of 328,941 shares. The stock had previously closed at C$0.95.

Panoro Minerals Stock Performance

The stock has a market capitalization of C$255.75 million, a PE ratio of -90.00 and a beta of 3.00. The business has a 50 day moving average price of C$0.66 and a 200 day moving average price of C$0.50. 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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