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Panthera Resources Plc ( (GB:PAT) ) has issued an announcement.
Panthera Resources Plc has announced the issuance of 1,960,735 new ordinary shares to settle director fees and warrant conversion, raising £130,977.10. The new shares are set to be admitted to trading on AIM, increasing the company’s issued share capital to 251,373,774 ordinary shares, which may impact 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 is focused on exploring and developing gold resources in these regions, aiming to capitalize on the potential mineral wealth and contribute to the gold mining industry.
Average Trading Volume: 834,340
Technical Sentiment Signal: Buy
Current Market Cap: £58.86M
Learn more about PAT stock on TipRanks’ Stock Analysis page.