Panther Metals (LON:PALM) Stock Price Down 32.8% – Here’s What Happened

Panther Metals PLC (LON:PALM) dropped 32.8% during trading on Monday . The stock traded as low as GBX 50 ($0.62) and last traded at GBX 53.77 ($0.66). Approximately 150,020 shares traded hands during mid-day trading, an increase of 666% from the average daily volume of 19,578 shares. The stock had previously closed at GBX 80 ($0.99).

Panther Metals Trading Down 3.2 %

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 business’s 50-day simple moving average is GBX 96.33 and its two-hundred day simple moving average is GBX 97.05. The stock has a market capitalization of £2.22 million, a price-to-earnings ratio of -126.74 and a beta of 1.19.

Panther Metals Company Profile

Listed on the standard segment of the Main Market of the London Stock Exchange, Panther Metals invests in or acquires companies or projects within the natural resources sector which have the potential for growth and value generation over the medium to long term.

The Company will utilise their extensive international network to identify opportunities in base, precious and energy metals.