Panther Metals (LON:PALM) Stock Price Passes Below 200 Day Moving Average – Here’s Why

by · The Cerbat Gem

Panther Metals PLC (LON:PALM – Get Free Report)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 70.32 and traded as low as GBX 62.03. Panther Metals shares last traded at GBX 65, with a volume of 70,224 shares.

Panther Metals Stock Performance

The company has a quick ratio of 1.47, a current ratio of 3.12 and a debt-to-equity ratio of 13.52. The firm has a market cap of £4.54 million, a PE ratio of -1.25 and a beta of 1.19. The firm has a 50-day moving average price of GBX 54.36 and a two-hundred day moving average price of GBX 70.43.

About Panther Metals

(Get Free Report)

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.

Further Reading