Panoro Minerals (CVE:PML) Stock Price Up 11.7% - Here's Why

Key Points

• Panoro Minerals stock jumped 11.7% to C$1.05 on Tuesday, with trading volume of approximately 4,709,419 shares, a 1,139% increase versus its average daily volume.
• Panoro is an exploration-stage miner focused on the Cotabambas project in southern Peru targeting copper, molybdenum, lead, gold, silver and zinc, and has a market cap of C$298.38 million.
• The company shows a negative P/E (-105.00) and elevated volatility (beta 3.00), with concerning liquidity metrics including a very low current ratio (0.04), quick ratio 0.81, and debt-to-equity 0.35.

Panoro Minerals Ltd. (CVE:PML - )'s share price rose 11.7% during mid-day trading on Tuesday . The company traded as high as C$1.05 and last traded at C$1.05. Approximately 4,709,419 shares were traded during mid-day trading, an increase of 1,139% from the average daily volume of 380,005 shares. The stock had previously closed at C$0.94.

Panoro Minerals Trading Up 11.7%

The company has a market cap of C$298.38 million, a P/E ratio of -105.00 and a beta of 3.00. The stock's 50 day moving average is C$0.68 and its 200-day moving average is C$0.51. The company has a current ratio of 0.04, a quick ratio of 0.81 and a debt-to-equity ratio of 0.35.

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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