Panther Metals (LON:PALM) Shares Down 6.6% – Time to Sell?

Shares of Panther Metals PLC (LON:PALM) dropped 6.6% on Tuesday . The company traded as low as GBX 42.75 ($0.54) and last traded at GBX 44.85 ($0.57). Approximately 46,579 shares were traded during trading, an increase of 200% from the average daily volume of 15,532 shares. The stock had previously closed at GBX 48 ($0.61).

Panther Metals Trading Down 6.6 %

The company’s fifty day moving average is GBX 64.83 and its two-hundred day moving average is GBX 87.49. The company has a quick ratio of 1.47, a current ratio of 3.12 and a debt-to-equity ratio of 13.52. The stock has a market cap of £1.92 million, a price-to-earnings ratio of -1,138.11 and a beta of 1.19.

About Panther Metals

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.