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

Shares of Pan Global Resources Inc. (CVE:PGZ) shot up 26.9% during trading on Wednesday . The company traded as high as C$0.18 and last traded at C$0.17. 1,119,520 shares changed hands 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 Trading Up 26.9 %

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 firm’s fifty day moving average is C$0.11 and its two-hundred day moving average is C$0.12. The firm has a market cap of C$40.05 million, a P/E ratio of -5.50 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.