Panthera Resources PLC (LON:PAT) dropped 1.8% during trading on Friday . The company traded as low as GBX 6.75 ($0.09) and last traded at GBX 6.88 ($0.09), approximately 90,622 shares were traded during mid-day trading. The stock had previously closed at GBX 7 ($0.09).
The stock has a 50-day moving average of GBX 8.12 and a 200 day moving average of GBX 9.38. The stock has a market cap of $4.94 million and a PE ratio of -2.99.
In related news, insider Geoffrey Stanley purchased 1,364,119 shares of the firm’s stock in a transaction on Monday, September 2nd. The stock was bought at an average cost of GBX 5 ($0.07) per share, with a total value of £68,205.95 ($89,123.15).
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 founded in 2004 and is based in London, the United Kingdom.
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