Panther Metals (LON:PALM) Stock Price Passes Below 200 Day Moving Average – Time to Sell?

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 97.77 ($1.21) and traded as low as GBX 89 ($1.10). Panther Metals shares last traded at GBX 89 ($1.10), with a volume of 1,447 shares.

Panther Metals Price Performance

The firm has a market capitalization of £3.71 million, a price-to-earnings ratio of -211.90 and a beta of 1.19. The business’s fifty day simple moving average is GBX 100.99 and its 200 day simple moving average is GBX 97.77. The company has a debt-to-equity ratio of 13.52, a current ratio of 3.12 and a quick ratio of 1.47.

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.