Panther Metals (LON:PALM) Stock Breaks Above Fifty Day Moving Average – Here’s What Happened

Panther Metals PLC (LON:PALM – Get Free Report)’s stock price passed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of GBX 146.87 and traded as high as GBX 190. Panther Metals shares last traded at GBX 183.16, with a volume of 75,202 shares trading hands.

Panther Metals Stock Up 10.7%

The stock has a fifty day simple moving average of GBX 147.78 and a 200-day simple moving average of GBX 128.73. The company has a market capitalization of £21.93 million, a P/E ratio of -10.26 and a beta of 0.61.

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.

Further Reading

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