Panthera Resources (LON:PAT) Shares Up 3.4% – What’s Next?

Panthera Resources PLC (LON:PAT) shares rose 3.4% during mid-day trading on Friday . The company traded as high as GBX 24 and last traded at GBX 24. Approximately 1,804,015 shares were traded during mid-day trading, an increase of 73% from the average daily volume of 1,042,230 shares. The stock had previously closed at GBX 23.20.

Panthera Resources Stock Performance

The company has a debt-to-equity ratio of 3.67, a quick ratio of 0.54 and a current ratio of 0.93. The firm’s 50-day moving average price is GBX 22.25 and its two-hundred day moving average price is GBX 16.50. The stock has a market cap of £60.39 million, a price-to-earnings ratio of -19.51 and a beta of 1.02.

About Panthera Resources

Panthera Resources PLC primarily engages in the exploration and development of gold projects in India and West Africa. Its flagship project is the Bhukia Project, a gold deposit located in the state of Rajasthan, India. The company was formerly known as IGL Resources PLC. Panthera Resources PLC was incorporated in 2017 and is based in London, the United Kingdom.