Panther Metals (LON:PALM) Shares Climb 10.4% – What’s Next?

Panther Metals PLC (LON:PALM – Get Free Report) was up 10.4% during trading on Tuesday. The company traded as high as GBX 169.90 and last traded at GBX 165.66. Approximately 121,878 shares changed hands during trading, an increase of 71% from the average daily volume of 71,216 shares. The stock had previously closed at GBX 150.

Panther Metals Price Performance

The business’s 50-day moving average price is GBX 140 and its two-hundred day moving average price is GBX 123.03. The firm has a market cap of £17.87 million, a price-to-earnings ratio of -6.67 and a beta of 0.61.

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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