Shares of Panoramic Resources (ASX:PAN) experienced an increase of up to 10.6% to A$0.037, marking their best day since June 19, if the gains continue.

This nickel miner has reported positive production results for its Savannah nickel project in Western Australia for the current September quarter.

The company announced a 56% rise in contained nickel production and concentrate production for this quarter.

The production of contained copper also grew by 42% and contained cobalt production hiked by 76%.

According to LSEG data, two out of four analysts recommended buying or rating the stock higher, while two advised to ‘hold’.

Their median PT is A$0.14.

However, it’s noteworthy to mention that the stock has declined 81.1% YTD as of the last close.

Panoramic Resources (ASX:PAN) is a mining company focused on the exploration and development of nickel, copper, and cobalt deposits.