Panther Metals (LON:PALM) Stock Price Down 20.7% Following Insider Selling

Panther Metals PLC (LON:PALMGet Free Report)’s stock price fell 20.7% during mid-day trading on Wednesday after an insider sold shares in the company. The stock traded as low as GBX 75 ($1.02) and last traded at GBX 75.30 ($1.03). 336,041 shares traded hands during mid-day trading, an increase of 696% from the average session volume of 42,238 shares. The stock had previously closed at GBX 95 ($1.30).

Specifically, insider Nick O’Reilly sold 53,073 shares of the business’s stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of GBX 86 ($1.18), for a total transaction of £45,642.78 ($62,362.04).

Panther Metals Trading Down 23.6%

The stock has a 50-day moving average price of GBX 43.80 and a two-hundred day moving average price of GBX 52.99. The stock has a market capitalization of £3.11 million, a PE ratio of -1,842.30 and a beta of 1.19. The company has a debt-to-equity ratio of 13.52, a quick ratio of 1.47 and a current ratio of 3.12.

About Panther Metals

(Get Free Report)

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.

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