Pan Global Resources (CVE:PGZ) Trading Up 4% – Still a Buy?

Pan Global Resources Inc. (CVE:PGZGet Free Report) shares traded up 4% on Wednesday . The stock traded as high as C$0.14 and last traded at C$0.13. 179,500 shares changed hands during mid-day trading, an increase of 43% from the average session volume of 125,253 shares. The stock had previously closed at C$0.13.

Pan Global Resources Stock Up 4.0%

The company’s fifty day moving average price is C$0.12 and its two-hundred day moving average price is C$0.12. The company has a market cap of C$40.92 million, a price-to-earnings ratio of -4.73 and a beta of 1.55.

About Pan Global Resources

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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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