Panthera Resources (LON:PAT) Shares Down 6.4% – Here’s What Happened

Panthera Resources PLC (LON:PAT) shares traded down 6.4% on Monday . The company traded as low as GBX 16 and last traded at GBX 16.67. 687,046 shares traded hands during trading, an increase of 43% from the average session volume of 481,859 shares. The stock had previously closed at GBX 17.80.

Panthera Resources Price Performance

The business’s 50 day simple moving average is GBX 20.28 and its 200-day simple moving average is GBX 20.04. The stock has a market capitalization of £51.31 million, a P/E ratio of -16.16 and a beta of 1.11.

Panthera Resources Company Profile

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.