Panther Metals (LON:PALM) Sets New 1-Year High – Time to Buy?

Panther Metals PLC (LON:PALM – Get Free Report) hit a new 52-week high during mid-day trading on Wednesday. The stock traded as high as GBX 185 and last traded at GBX 180, with a volume of 59089 shares changing hands. The stock had previously closed at GBX 167.50.

Panther Metals Price Performance

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

Panther Metals Company Profile

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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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