Panther Metals (LON:PALM) Stock Price Passes Above 50-Day Moving Average – Here’s What Happened

Panther Metals PLC (LON:PALMGet Free Report) shares passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 86.07 ($1.15) and traded as high as GBX 90 ($1.20). Panther Metals shares last traded at GBX 75 ($1.00), with a volume of 135,500 shares trading hands.

Panther Metals Trading Down 4.5%

The company has a debt-to-equity ratio of 13.52, a current ratio of 3.12 and a quick ratio of 1.47. The company has a market capitalization of £4.42 million, a price-to-earnings ratio of -132.74 and a beta of 1.19. The business’s 50 day simple moving average is GBX 86.07 and its 200 day simple moving average is GBX 63.14.

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.

Recommended Stories

Receive News & Ratings for Panther Metals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Panther Metals and related companies with MarketBeat.com's FREE daily email newsletter.