Panther Metals (LON:PALM) Trading 8.5% Higher – Here’s Why

by · The Markets Daily

Panther Metals PLC (LON:PALM – Get Free Report) shares shot up 8.5% on Monday . The company traded as high as GBX 164.50 and last traded at GBX 160. Approximately 99,114 shares were traded during mid-day trading, an increase of 41% from the average session volume of 70,158 shares. The stock had previously closed at GBX 147.50.

Panther Metals Price Performance

The company’s 50-day moving average price is GBX 138.51 and its two-hundred day moving average price is GBX 120.98. The company has a market capitalization of £16.50 million, a P/E ratio of -6.15 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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