Panther Metals (LON:PALM) Shares Pass Below Two Hundred Day Moving Average – Here’s Why

Shares of Panther Metals PLC (LON:PALM) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 88.94 ($1.12) and traded as low as GBX 48.78 ($0.62). Panther Metals shares last traded at GBX 48.78 ($0.62), with a volume of 2 shares traded.

Panther Metals Stock Down 0.5 %

The company has a current ratio of 3.12, a quick ratio of 1.47 and a debt-to-equity ratio of 13.52. The stock has a 50-day simple moving average of GBX 67.71 and a 200-day simple moving average of GBX 88.94. The company has a market cap of £2.09 million, a price-to-earnings ratio of -1,237.77 and a beta of 1.19.

About Panther Metals

Listed on the standard segment of the Main Market of the London Stock Exchange, Panther Metals invests in or acquires companies or projects within the natural resources sector which have the potential for growth and value generation over the medium to long term.

The Company will utilise their extensive international network to identify opportunities in base, precious and energy metals.