Panther Metals (LON:PALM) Stock Price Breaks Above 50 Day Moving Average – Should You Sell?

Panther Metals PLC (LON:PALM – Get Free Report) shares crossed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of GBX 140 and traded as high as GBX 155. Panther Metals shares last traded at GBX 152.90, with a volume of 70,072 shares traded.

Panther Metals Stock Performance

The company has a market cap of £19.42 million, a PE ratio of -7.24 and a beta of 0.61. The company’s 50-day simple moving average is GBX 140.63 and its 200 day simple moving average is GBX 123.63.

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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