Panther Metals (LON:PALM) Shares Pass Below 200 Day Moving Average – Here’s Why

Panther Metals PLC (LON:PALMGet Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 95.56 ($1.20) and traded as low as GBX 82.50 ($1.03). Panther Metals shares last traded at GBX 83.87 ($1.05), with a volume of 1,200 shares changing hands.

Panther Metals Stock Performance

The business’s fifty day moving average is GBX 101.41 and its two-hundred day moving average is GBX 95.56. The stock has a market capitalization of £3.50 million, a PE ratio of -199.69 and a beta of 1.19. The company has a quick ratio of 1.47, a current ratio of 3.12 and a debt-to-equity ratio of 13.52.

Panther Metals Company Profile

(Get Free Report)

Panther Metals PLC operates as a mineral exploration company in Canada and Australia. The company was formerly known as London Nusantara Plantations Plc and changed its name to Panther Metals PLC in April 2018. Panther Metals PLC was incorporated in 2013 and is based in London, the United Kingdom.

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