Panther Metals (LON:PALM) Trading 13.2% Higher – Should You Buy?

Panther Metals PLC (LON:PALMGet Free Report) shares rose 13.2% during mid-day trading on Thursday . The stock traded as high as GBX 54 and last traded at GBX 53.78. Approximately 94,100 shares traded hands during trading, an increase of 128% from the average daily volume of 41,318 shares. The stock had previously closed at GBX 47.50.

Panther Metals Trading Up 15.5%

The company has a debt-to-equity ratio of 13.52, a quick ratio of 1.47 and a current ratio of 3.12. The company has a market capitalization of £3.83 million, a PE ratio of -1.06 and a beta of 1.19. The stock has a fifty day moving average of GBX 57.13 and a 200 day moving average of GBX 68.63.

About Panther Metals

(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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