Great Panther Mining Limited [AMEX: GPL] stock went on an upward path that rose over 6.69% on Thursday, amounting to a one-week price decrease of less than -6.24%. The company report on June 10, 2022 that Great Panther Mining Receives Continued Listing Standards Notice from NYSE American.
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TSX: GPR | NYSE American: GPL.
This news release constitutes a “designated news release” for the purposes of the Company’s prospectus supplement dated October 15, 2021, to its short form base shelf prospectus dated September 10, 2021.
Over the last 12 months, GPL stock dropped by -77.02%. The average equity rating for GPL stock is currently 2.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $68.12 million, with 448.75 million shares outstanding and 447.25 million shares in the current float. Compared to the average trading volume of 2.88M shares, GPL stock reached a trading volume of 3593854 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Great Panther Mining Limited [GPL]:
ROTH Capital have made an estimate for Great Panther Mining Limited shares, keeping their opinion on the stock as Buy, with their previous recommendation back on August 10, 2017. While these analysts kept the previous recommendation, H.C. Wainwright raised their target price to Buy. The new note on the price target was released on October 22, 2014, representing the official price target for Great Panther Mining Limited stock. Previously, the target price had yet another drop from $3 to $2.25, while Global Hunter Securities kept a Neutral rating on GPL stock.
The Average True Range (ATR) for Great Panther Mining Limited is set at 0.02, with the Price to Sales ratio for GPL stock in the period of the last 12 months amounting to 0.41. The Price to Book ratio for the last quarter was 0.74, with the Price to Cash per share for the same quarter was set at 0.08.
GPL Stock Performance Analysis:
Great Panther Mining Limited [GPL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.24. With this latest performance, GPL shares dropped by -14.06% in over the last four-week period, additionally sinking by -38.17% over the last 6 months – not to mention a drop of -77.02% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for GPL stock in for the last two-week period is set at 38.98, with the RSI for the last a single of trading hit 38.09, and the three-weeks RSI is set at 39.88 for Great Panther Mining Limited [GPL]. The present Moving Average for the last 50 days of trading for this stock 0.1960, while it was recorded at 0.1590 for the last single week of trading, and 0.2860 for the last 200 days.
Insight into Great Panther Mining Limited Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Great Panther Mining Limited [GPL] shares currently have an operating margin of -19.37 and a Gross Margin at -11.72. Great Panther Mining Limited’s Net Margin is presently recorded at -22.76.
Return on Equity for this stock declined to -41.79, with Return on Assets sitting at -15.33.
Great Panther Mining Limited’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 0.80.
Great Panther Mining Limited [GPL] Insider Position Details
There are presently around $12 million, or 15.10% of GPL stock, in the hands of institutional investors. The top three institutional holders of GPL stocks are: VAN ECK ASSOCIATES CORP with ownership of 25,893,246, which is approximately 5.553% of the company’s market cap and around 3.30% of the total institutional ownership; MIRAE ASSET GLOBAL INVESTMENTS CO., LTD., holding 15,479,300 shares of the stock with an approximate value of $2.24 million in GPL stocks shares; and RUFFER LLP, currently with $2.04 million in GPL stock with ownership of nearly -6.643% of the company’s market capitalization.
Positions in Great Panther Mining Limited stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 28 institutional holders increased their position in Great Panther Mining Limited [AMEX:GPL] by around 15,896,188 shares. Additionally, 14 investors decreased positions by around 13,138,772 shares, while 19 investors held positions by with 53,463,213 shares. The mentioned changes placed institutional holdings at 82,498,173 shares, according to the latest SEC report filing. GPL stock had 10 new institutional investments in for a total of 677,095 shares, while 4 institutional investors sold positions of 11,821,694 shares during the same period.