Pan Global Resources (CVE:PGZ) Shares Up 26.9% – Time to Buy?

Pan Global Resources Inc. (CVE:PGZ)’s share price traded up 26.9% on Wednesday . The stock traded as high as C$0.18 and last traded at C$0.17. 1,119,520 shares changed hands during 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 Stock Performance

The company has a 50-day simple moving average of C$0.12 and a two-hundred day simple moving average of C$0.12. 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 firm has a market capitalization of C$41.27 million, a P/E ratio of -5.67 and a beta of 1.55.

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.