Panther Metals (LON:PALM) Share Price Crosses Below Two Hundred 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 ($1.05) and traded as low as GBX 38 ($0.49). Panther Metals shares last traded at GBX 38.99 ($0.50), with a volume of 6,858 shares trading hands.

Panther Metals Price Performance

The company’s fifty day moving average is GBX 50.91 and its two-hundred day moving average is GBX 81.13. 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 firm has a market cap of £1.71 million, a price-to-earnings ratio of -1,013.77 and a beta of 1.19.

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.