Panther Metals (LON:PALM) Trading Down 4.2% – Time to Sell?

Shares of Panther Metals PLC (LON:PALMGet Free Report) were down 4.2% during mid-day trading on Tuesday . The company traded as low as GBX 155.25 and last traded at GBX 158.50. Approximately 159,913 shares were traded during trading, an increase of 101% from the average daily volume of 79,721 shares. The stock had previously closed at GBX 165.50.

Panther Metals Stock Performance

The firm has a market cap of £13.92 million, a price-to-earnings ratio of -6.44 and a beta of 0.61. The business has a 50 day simple moving average of GBX 109.71 and a 200-day simple moving average of GBX 85.06.

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.

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