Panther Metals (LON:PALM) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Panther Metals PLC (LON:PALM) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 97.73 ($1.19) and traded as low as GBX 85.33 ($1.04). Panther Metals shares last traded at GBX 85.33 ($1.04), with a volume of 2,358 shares changing hands.

Panther Metals Stock Down 2.5 %

The stock has a market cap of £3.56 million, a P/E ratio of -203.17 and a beta of 1.19. The firm has a 50 day simple moving average of GBX 99.89 and a two-hundred day simple moving average of GBX 97.71. The company has a debt-to-equity ratio of 13.52, a quick ratio of 1.47 and a current ratio of 3.12.

Panther Metals Company Profile

Listed on the standard segment of the Main Market of the London Stock Exchange, Panther Metals invests in or acquires companies or projects within the natural resources sector which have the potential for growth and value generation over the medium to long term.

The Company will utilise their extensive international network to identify opportunities in base, precious and energy metals.