Pan Global Resources (CVE:PGZ) Trading 26.9% Higher – Here’s What Happened

Pan Global Resources Inc. (CVE:PGZGet Free Report)’s share price shot up 26.9% during mid-day trading on Tuesday . The company traded as high as C$0.18 and last traded at C$0.17. 1,119,520 shares were traded during mid-day trading, an increase of 667% from the average session volume of 145,976 shares. The stock had previously closed at C$0.13.

Pan Global Resources Price Performance

The company has a quick ratio of 11.60, a current ratio of 4.27 and a debt-to-equity ratio of 0.01. The stock has a market cap of C$40.05 million, a PE ratio of -5.50 and a beta of 1.55. The business’s 50-day simple moving average is C$0.11 and its 200-day simple moving average is C$0.12.

Pan Global Resources Company Profile

(Get Free Report)

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.

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