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

Panther Metals PLC (LON:PALM)’s stock price fell 20.7% on Wednesday after an insider sold shares in the company. The stock traded as low as GBX 75 ($1.03) and last traded at GBX 75.30 ($1.03). 336,041 shares changed hands during 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 shares were sold at an average price of GBX 86 ($1.18), for a total transaction of £45,642.78 ($62,635.90).

Panther Metals Stock Down 2.7%

The company has a debt-to-equity ratio of 13.52, a quick ratio of 1.47 and a current ratio of 3.12. The stock’s 50-day moving average price is GBX 44.45 and its two-hundred day moving average price is GBX 52.82. The stock has a market capitalization of £3.12 million, a PE ratio of -1,852.45 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.