Panthera Resources Plc ( (GB:PAT) ) has shared an announcement.
Panthera Resources Plc has announced the issuance of 881,748 new ordinary shares to settle director fees and a warrant conversion. This move aims to reduce cash expenditures and align the interests of the board with shareholders. The issuance includes 381,748 shares for non-executive directors’ accrued fees and 500,000 shares for a warrant conversion, raising £33,400. The new shares are expected to be admitted to trading on AIM by 23 April 2025, increasing the company’s issued share capital to 242,822,646 ordinary shares.
Spark’s Take on GB:PAT Stock
According to Spark, TipRanks’ AI Analyst, GB:PAT is a Neutral.
Panthera Resources Plc is navigating financial difficulties with no revenue and reliance on external financing, posing significant risks. However, positive corporate events, such as fundraising and a new mineral resource estimate, along with strong technical indicators, provide some optimism for future prospects. Valuation concerns remain due to negative earnings, making it a speculative investment.
To see Spark’s full report on GB:PAT stock, click here.
More about Panthera Resources Plc
Panthera Resources Plc is a gold exploration and development company with assets located in West Africa and India. The company focuses on advancing its gold projects and enhancing shareholder value through strategic exploration and development activities.
YTD Price Performance: 60.0%
Average Trading Volume: 1,234,495
Technical Sentiment Signal: Strong Sell
Current Market Cap: £27.82M
See more insights into PAT stock on TipRanks’ Stock Analysis page.