Panther Metals (LON:PALM) Hits New 12-Month High – Still a Buy?

Panther Metals PLC (LON:PALMGet Free Report) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 145 and last traded at GBX 132.50, with a volume of 91324 shares traded. The stock had previously closed at GBX 135.

Panther Metals Stock Performance

The firm has a fifty day moving average price of GBX 93.34 and a 200 day moving average price of GBX 76.91. The firm has a market capitalization of £9.28 million, a price-to-earnings ratio of -5.33 and a beta of 0.54.

Panther Metals Company Profile

(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.

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