Panthera Resources (LON:PAT) Trading Down 15%

Panthera Resources PLC (LON:PAT)’s stock price traded down 15% during trading on Friday . The stock traded as low as GBX 8.50 ($0.11) and last traded at GBX 8.50 ($0.11), 239,622 shares were traded during mid-day trading. The stock had previously closed at GBX 10 ($0.13).

The company has a market capitalization of $5.75 million and a PE ratio of -3.70. The firm’s fifty day simple moving average is GBX 8.17 and its 200 day simple moving average is GBX 9.77.

In other Panthera Resources news, insider Geoffrey Stanley purchased 1,364,119 shares of the stock in a transaction on Monday, September 2nd. The shares were bought at an average cost of GBX 5 ($0.07) per share, with a total value of £68,205.95 ($89,123.15).

About Panthera Resources (LON:PAT)

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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