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

Panther Metals PLC (LON:PALM) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 84.43 ($1.09) and traded as low as GBX 38.60 ($0.50). Panther Metals shares last traded at GBX 40 ($0.52), with a volume of 71,618 shares trading hands.

Panther Metals Stock Performance

The stock’s 50 day moving average is GBX 58.51 and its 200 day moving average is GBX 84.43. The stock has a market capitalization of £1.71 million, a price-to-earnings ratio of -1,015.04 and a beta of 1.19. The company has a current ratio of 3.12, a quick ratio of 1.47 and a debt-to-equity ratio of 13.52.

Panther Metals Company Profile

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.