Great Panther Mining (NYSEAMERICAN:GPL) Sees Unusually-High Trading Volume

Great Panther Mining Ltd (NYSEAMERICAN:GPL) (TSE:GPR) shares saw unusually-high trading volume on Thursday . Approximately 3,543,726 shares changed hands during trading, an increase of 133% from the previous session’s volume of 1,521,305 shares.The stock last traded at $0.38 and had previously closed at $0.31.

Several research firms have recently commented on GPL. Zacks Investment Research raised shares of Great Panther Mining from a “sell” rating to a “hold” rating and set a $0.25 price objective for the company in a research note on Wednesday, April 1st. HC Wainwright reaffirmed a “buy” rating and issued a $1.75 target price on shares of Great Panther Mining in a report on Tuesday, January 14th. Finally, Noble Financial raised shares of Great Panther Mining from a “market perform” rating to a “buy” rating in a report on Wednesday, January 15th.

Great Panther Mining (NYSEAMERICAN:GPL) (TSE:GPR) last issued its quarterly earnings data on Monday, March 30th. The basic materials company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.06). The company had revenue of $65.68 million for the quarter, compared to analyst estimates of $64.55 million.

Several institutional investors have recently made changes to their positions in the company. CWM LLC bought a new position in Great Panther Mining in the 4th quarter worth approximately $41,000. Virtu Financial LLC boosted its stake in Great Panther Mining by 157.7% in the third quarter. Virtu Financial LLC now owns 108,141 shares of the basic materials company’s stock worth $76,000 after purchasing an additional 66,181 shares in the last quarter. Jane Street Group LLC boosted its stake in Great Panther Mining by 462.9% in the fourth quarter. Jane Street Group LLC now owns 164,501 shares of the basic materials company’s stock worth $84,000 after purchasing an additional 135,277 shares in the last quarter. Millennium Management LLC boosted its stake in Great Panther Mining by 82.0% in the third quarter. Millennium Management LLC now owns 186,573 shares of the basic materials company’s stock worth $131,000 after purchasing an additional 84,051 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Great Panther Mining by 15.9% during the fourth quarter. Renaissance Technologies LLC now owns 3,276,966 shares of the basic materials company’s stock worth $1,671,000 after acquiring an additional 448,709 shares during the last quarter.

Great Panther Mining Company Profile (NYSEAMERICAN:GPL)

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

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