Panther Metals (LON:PALM) Share Price Passes Below 200 Day Moving Average – Here’s What Happened

Panther Metals PLC (LON:PALM)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 95.73 ($1.19) and traded as low as GBX 53.10 ($0.66). Panther Metals shares last traded at GBX 53.10 ($0.66), with a volume of 257 shares changing hands.

Panther Metals Stock Down 1.7 %

The firm has a market capitalization of £2.21 million, a price-to-earnings ratio of -126.43 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 business’s 50 day moving average is GBX 89.38 and its 200-day moving average is GBX 95.73.

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.