Panther Metals (LON:PALM) Stock Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

Shares of Panther Metals PLC (LON:PALMGet Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 66.36 and traded as low as GBX 54.10. Panther Metals shares last traded at GBX 54.10, with a volume of 62,966 shares trading hands.

Panther Metals Price 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 stock has a market capitalization of £3.73 million, a price-to-earnings ratio of -1.04 and a beta of 1.19. The business’s 50 day simple moving average is GBX 77.05 and its 200-day simple moving average is GBX 66.53.

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.

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