Panther Metals (LON:PALM) Trading 11.7% Higher – Time to Buy?

Panther Metals PLC (LON:PALMGet Free Report)’s stock price traded up 11.7% on Friday . The stock traded as high as GBX 175 and last traded at GBX 164.25. 174,783 shares traded hands during trading, an increase of 124% from the average session volume of 78,106 shares. The stock had previously closed at GBX 147.

Panther Metals Stock Performance

The firm has a 50 day simple moving average of GBX 102.87 and a two-hundred day simple moving average of GBX 81.89. The firm has a market capitalization of £11.50 million, a P/E ratio of -6.61 and a beta of 0.54.

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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