The DWR stocks about 200,000 rainbow trout into the lake every year. Trout limit, 6. Trout limit, 6. Tactics Anglers using float tubes do quite well at Panguitch Lake, although few people seem to try this approach. Casting wooly buggers and retrieving them slowly can produce large numbers of rainbows in the 12-14 inch range.
Trollers fishing the lake most often use pop gear and a worm, which is quite effective.
Most anglers use Power Bait, salmon eggs and worms. Try using a marshmallow to float a worm just off the bottom and above the moss. Ice-fishers tempt these trout with cheese, Power Bait, and mealworms. How to get there From Panguitch, go southwest 26.5 miles on SR 143. There are two public boat ramps on the lake, with boat rentals available at Beaver Dam Lodge.