Panoramic Resources (ASX:PAN) Shares Cross Below 200-Day Moving Average of $0.37

Panoramic Resources Ltd (ASX:PAN)’s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $0.37 and traded as low as $0.30. Panoramic Resources shares last traded at $0.31, with a volume of 8,398,141 shares trading hands.

The stock has a 50 day simple moving average of A$0.35 and a 200-day simple moving average of A$0.37. The firm has a market cap of $169.49 million and a PE ratio of -11.48. The company has a debt-to-equity ratio of 35.20, a current ratio of 2.20 and a quick ratio of 1.05.

Panoramic Resources Company Profile (ASX:PAN)

Panoramic Resources Limited, together with its subsidiaries, engages in the exploration, evaluation, and development of mineral properties. It operates through five segments: Nickel, Gold, Platinum Group Metals, Australian Exploration, and Overseas Exploration. It holds interests in the Savannah nickel project in Western Australia; and the Gum Creek gold project located to the northeast of Perth, Western Australia.

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