Panther Metals (LON:PALM) Share Price Crosses Above 200-Day Moving Average – What’s Next?
by Jessica Moore · The Cerbat GemPanther Metals PLC (LON:PALM – Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 70.99 and traded as high as GBX 78. Panther Metals shares last traded at GBX 77, with a volume of 36,620 shares trading hands.
Panther Metals Stock Performance
The stock has a market capitalization of £5.38 million, a PE ratio of -1.48 and a beta of 0.46. The company’s fifty day simple moving average is GBX 82.56 and its two-hundred day simple moving average is GBX 70.99.
About Panther Metals
Panther’s strategy is disciplined and different: Totally focused in the tier one jurisdiction of Ontario, Canada.
Cash flow pathway — Winston tailings contain gold and silver with strong gallium credits. Processing is low-capex and straightforward; permitting is the next milestone. Once in place, Winston provides a near-term route to revenue with exposure to both precious and critical metals.
Exploration with production cash — That cash will fund drilling across:
Wishbone (Obonga) — a new VMS system with multi-percent zinc intercepts and Mattabi-scale potential.