Panther Metals (LON:PALM) Shares Cross Below 200 Day Moving Average of $10.42

Panther Metals PLC (LON:PALMGet Rating) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 10.42 ($0.13) and traded as low as GBX 8.50 ($0.11). Panther Metals shares last traded at GBX 8.60 ($0.11), with a volume of 5,000 shares.

The company has a market capitalization of £6.16 million and a P/E ratio of -43.00. The stock has a 50 day moving average price of GBX 9.52 and a 200 day moving average price of GBX 10.38. The company has a debt-to-equity ratio of 1.88, a quick ratio of 2.51 and a current ratio of 2.86.

About Panther Metals (LON:PALM)

Panther Metals PLC invests in and acquires projects in the natural resources sector. It engages in developing the Bear Lake project, which explores for gold and volcanogenic massive sulphide deposits that consists of 69 claim units covering 42 square kilometers located in Ontario, Canada. It holds interests in the Schreiber-Pyramid property; and the Marrakai Gold project exploration licence application covering an area of 13.4 square kilometers located in the highly-prospective Pine Creek Orogen, Northern Territory, Australia.

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