Pan Global Resources (CVE:PGZ) Sets New 1-Year High – What’s Next?

by · The Markets Daily

Pan Global Resources Inc. (CVE:PGZ – Get Free Report) reached a new 52-week high during trading on Friday . The stock traded as high as C$0.19 and last traded at C$0.17, with a volume of 851600 shares trading hands. The stock had previously closed at C$0.16.

Pan Global Resources Stock Up 6.5%

The business’s fifty day moving average is C$0.14 and its 200-day moving average is C$0.15. The company has a market cap of C$53.08 million, a PE ratio of -8.25 and a beta of 1.42.

Insider Buying and Selling at Pan Global Resources

In other Pan Global Resources news, Director Patrick Charles Evans purchased 500,000 shares of the company’s stock in a transaction dated Wednesday, December 31st. The shares were acquired at an average price of C$0.12 per share, for a total transaction of C$60,000.00. Following the purchase, the director directly owned 6,356,032 shares of the company’s stock, valued at C$762,723.84. The trade was a 8.54% increase in their position. 8.29% of the stock is owned by corporate insiders.

About Pan Global Resources

(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. located in the provinces of Cordoba and Ciudad Real, Spain; and a 100% interest in the Escacena Project covering an area of approximately 5,700 hectares situated in southern Spain.

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