Panthera Resources (LON:PAT) Stock Price Up 18.8% – Still a Buy?

Panthera Resources PLC (LON:PAT)’s share price was up 18.8% during trading on Monday . The stock traded as high as GBX 11.50 ($0.15) and last traded at GBX 11.29 ($0.14). Approximately 3,462,044 shares were traded during trading, an increase of 203% from the average daily volume of 1,142,125 shares. The stock had previously closed at GBX 9.50 ($0.12).

Panthera Resources Price Performance

The business’s fifty day simple moving average is GBX 8.40 and its 200 day simple moving average is GBX 7.51. The firm has a market capitalization of £32.03 million, a price-to-earnings ratio of -12,518.78 and a beta of 1.02. The company has a debt-to-equity ratio of 3.67, a current ratio of 0.93 and a quick ratio of 0.54.

Panthera Resources Company Profile

Panthera Resources PLC primarily engages in the exploration and development of gold projects in India and West Africa. Its flagship project is the Bhukia Project, a gold deposit located in the state of Rajasthan, India. The company was formerly known as IGL Resources PLC. Panthera Resources PLC was incorporated in 2017 and is based in London, the United Kingdom.