Pan Global Resources (CVE:PGZ) Stock Price Up 38.5% – Here’s What Happened

Pan Global Resources Inc. (CVE:PGZ)’s stock price shot up 38.5% on Tuesday . The company traded as high as C$0.18 and last traded at C$0.18. 1,084,020 shares changed hands during trading, an increase of 652% from the average session volume of 144,108 shares. The stock had previously closed at C$0.13.

Pan Global Resources Trading Up 26.9 %

The stock has a market cap of C$40.05 million, a price-to-earnings ratio of -5.50 and a beta of 1.55. The company has a debt-to-equity ratio of 0.01, a quick ratio of 11.60 and a current ratio of 4.27. The business has a 50-day simple moving average of C$0.11 and a two-hundred day simple moving average of C$0.12.

Pan Global Resources Company Profile

Pan Global Resources Inc, a mineral exploration company, engages in the exploration and evaluation of mineral properties in Spain. The company explores for lead, zinc, silver, gold, tin, cobalt, and copper deposits. It holds 100% interest in the Aguilas project, which comprises nine investigation permits that covers an area of approximately 16,300 hectares, as well as additional mineral rights applications covering an area of approximately 2,803 hectares.