Panther Metals (LON:PALM) Share Price Crosses Above 200-Day Moving Average – What’s Next?

Panther Metals PLC (LON:PALMGet Free Report) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 70.99 and traded as high as GBX 78. Panther Metals shares last traded at GBX 77, with a volume of 36,620 shares.

Panther Metals Stock Down 0.6%

The stock’s fifty day simple moving average is GBX 82.56 and its 200-day simple moving average is GBX 70.99. The company has a market capitalization of £5.38 million, a PE ratio of -1.48 and a beta of 0.46.

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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