Pan Global Resources (CVE:PGZ) Trading Down 4.2% – Here’s What Happened

Shares of Pan Global Resources Inc. (CVE:PGZ) were down 4.2% during mid-day trading on Wednesday . The stock traded as low as C$0.12 and last traded at C$0.12. Approximately 174,365 shares were traded during mid-day trading, an increase of 55% from the average daily volume of 112,496 shares. The stock had previously closed at C$0.12.

Pan Global Resources Trading Down 4.2 %

The company has a 50 day simple moving average of C$0.12 and a 200 day simple moving average of C$0.15. The company has a current ratio of 4.27, a quick ratio of 11.60 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of C$27.92 million, a PE ratio of -3.83 and a beta of 1.55.

Pan Global Resources (CVE:PGZ) last released its quarterly earnings results on Friday, September 27th. The company reported C($0.01) EPS for the quarter.

About Pan Global Resources

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.