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Panthera Resources Plc ( (GB:PAT) ) just unveiled an update.
Panthera Resources Plc has announced the issuance of 2,398,330 new ordinary shares following the conversion of warrants, raising gross proceeds of £160,208.44. The new shares are expected to be admitted to trading on AIM, increasing the company’s issued share capital to 258,139,751 ordinary shares, which may affect shareholder calculations under the Financial Conduct Authority’s rules.
Spark’s Take on GB:PAT Stock
According to Spark, TipRanks’ AI Analyst, GB:PAT is a Neutral.
Panthera Resources Plc shows a strong technical performance with positive market momentum, but financial instability and lack of profitability weigh heavily on the overall score. The recent corporate events provide a positive outlook for potential future growth, yet significant financial risks remain due to operational losses and reliance on external funding.
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 identifying and developing gold mining opportunities in these regions.
Average Trading Volume: 819,878
Technical Sentiment Signal: Buy
Current Market Cap: £59.33M
For an in-depth examination of PAT stock, go to TipRanks’ Overview page.