Panther Metals (LON:PALM) Trading Up 19.5% – Still a Buy?

Panther Metals PLC (LON:PALMGet Free Report) rose 19.5% during trading on Friday . The stock traded as high as GBX 49 and last traded at GBX 49. Approximately 188,181 shares changed hands during trading, an increase of 359% from the average daily volume of 40,994 shares. The stock had previously closed at GBX 41.

Panther Metals Price Performance

The stock has a market cap of £3.34 million, a P/E ratio of -0.93 and a beta of 1.19. The company has a quick ratio of 1.47, a current ratio of 3.12 and a debt-to-equity ratio of 13.52. The business’s 50-day simple moving average is GBX 63.06 and its two-hundred day simple moving average is GBX 67.80.

Panther Metals Company Profile

(Get Free Report)

Panther’s strategy is disciplined and different: Totally focused in the tier one jurisdiction of Ontario, Canada.

Cash flow pathway — Winston tailings contain gold and silver with strong gallium credits. Processing is low-capex and straightforward; permitting is the next milestone. Once in place, Winston provides a near-term route to revenue with exposure to both precious and critical metals.

Exploration with production cash — That cash will fund drilling across:

Wishbone (Obonga) — a new VMS system with multi-percent zinc intercepts and Mattabi-scale potential.

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