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Great Panther Mining (NYSEAMERICAN:GPL) Trading Down 7.8%

Financial News Live ·  Jan 24, 2023 00:41

Great Panther Mining Limited (NYSEAMERICAN:GPL – Get Rating) (TSE:GPR)'s stock price dropped 7.8% on Monday . The company traded as low as $0.19 and last traded at $0.19. Approximately 1,696,500 shares were traded during mid-day trading, an increase of 235% from the average daily volume of 506,038 shares. The stock had previously closed at $0.20.

Great Panther Mining Price Performance

The stock has a market cap of $8.84 million, a price-to-earnings ratio of -4.67 and a beta of 1.73. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.04 and a quick ratio of 0.73.

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Institutional Trading of Great Panther Mining

Several large investors have recently made changes to their positions in the business. Millennium Management LLC grew its holdings in shares of Great Panther Mining by 70.0% during the second quarter. Millennium Management LLC now owns 301,985 shares of the basic materials company's stock worth $37,000 after purchasing an additional 124,389 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Great Panther Mining by 5.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,739,650 shares of the basic materials company's stock worth $1,943,000 after purchasing an additional 403,130 shares during the last quarter. UBS Group AG grew its holdings in shares of Great Panther Mining by 66.5% during the first quarter. UBS Group AG now owns 152,734 shares of the basic materials company's stock worth $38,000 after purchasing an additional 60,995 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Great Panther Mining by 31.5% during the first quarter. Renaissance Technologies LLC now owns 4,461,534 shares of the basic materials company's stock worth $1,121,000 after purchasing an additional 1,070,017 shares during the last quarter. Finally, Private Advisor Group LLC bought a new stake in shares of Great Panther Mining during the first quarter worth $54,000. Institutional investors own 14.85% of the company's stock.

About Great Panther Mining

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Great Panther Mining Limited operates as a precious metals mining and exploration company. It explores for gold, silver, copper, lead, and zinc ores. The company operates three mines, including the Tucano gold mine in Amapá State, Brazil; and the Guanajuato mine complex and the Topia mine in Mexico, as well as Coricancha mine complex in the central Andes, Peru.

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