Panther Metals (LON:PALM) Trading 11.7% Higher – Time to Buy?

Panther Metals PLC (LON:PALM) was up 11.7% during trading on Friday . The company traded as high as GBX 175 and last traded at GBX 164.25. Approximately 174,783 shares traded hands during trading, an increase of 124% from the average daily volume of 78,106 shares. The stock had previously closed at GBX 147.

Panther Metals Stock Performance

The company has a market capitalization of £11.50 million, a P/E ratio of -6.61 and a beta of 0.54. The stock has a 50 day moving average price of GBX 102.87 and a 200 day moving average price of GBX 81.89.

Panther Metals Company Profile

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.