Panther Metals (LON:PALM) Stock Price Up 10.7% – Time to Buy?

Panther Metals PLC (LON:PALM – Get Free Report) shares rose 10.7% on Friday. The company traded as high as GBX 196 and last traded at GBX 196. Approximately 222,105 shares traded hands during trading, an increase of 206% from the average daily volume of 72,486 shares. The stock had previously closed at GBX 177.

Panther Metals Trading Up 10.7%

The business has a 50 day moving average of GBX 147.78 and a 200-day moving average of GBX 128.73. The stock has a market cap of £21.93 million, a PE ratio of -10.26 and a beta of 0.61.

Panther Metals Company Profile

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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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