Pan Global Resources (CVE:PGZ) Shares Up 4.2% – Here’s Why

Pan Global Resources Inc. (CVE:PGZGet Free Report) rose 4.2% during trading on Wednesday . The company traded as high as C$0.13 and last traded at C$0.13. Approximately 30,000 shares changed hands during mid-day trading, a decline of 72% from the average daily volume of 107,716 shares. The stock had previously closed at C$0.12.

Pan Global Resources Trading Down 12.5 %

The stock has a market cap of C$33.05 million, a P/E ratio of -3.82 and a beta of 1.55. The firm has a 50-day simple moving average of C$0.14 and a two-hundred day simple moving average of C$0.12.

Pan Global Resources Company Profile

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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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