Panther Metals (LON:PALM) Stock Price Passes Below 200-Day Moving Average – What’s Next?

Shares of Panther Metals PLC (LON:PALM) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 81.42 ($1.06) and traded as low as GBX 38 ($0.49). Panther Metals shares last traded at GBX 38.99 ($0.51), with a volume of 6,858 shares changing hands.

Panther Metals Trading Down 4.9 %

The stock has a market cap of £1.67 million, a PE ratio of -989.41 and a beta of 1.19. 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’s 50-day moving average price is GBX 51.82 and its 200 day moving average price is GBX 81.42.

About Panther Metals

Listed on the standard segment of the Main Market of the London Stock Exchange, Panther Metals invests in or acquires companies or projects within the natural resources sector which have the potential for growth and value generation over the medium to long term.

The Company will utilise their extensive international network to identify opportunities in base, precious and energy metals.