GPL - Why Great Panther Mining Stock Jumped 12% at the Open on Aug. 6
Shares of silver and gold miner Great Panther Mining (NYSEMKT: GPL) rose 12% out of the gate on Aug 6. That quickly settled down, however, with the stock sitting at a roughly 6% gain by 10 a.m. EDT. No big surprise about what got investors excited: The company reported earnings.
The second quarter of 2020 was nothing short of exceptional for Great Panther, which posted a 48% revenue increase over the same period in 2019. Adjusted EBITDA rose a dramatic 1,377%. And earnings came in at $0.03 per share compared with a loss of $0.02 per share in the same period of 2019. Looking under those numbers reveals even more good news.
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