Pan African Resources (LON:PAF) Stock Price Crosses Above 50 Day Moving Average – Should You Sell?

Pan African Resources PLC (LON:PAF)’s stock price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 103.10 and traded as high as GBX 122.40. Pan African Resources shares last traded at GBX 120.30, with a volume of 7,898,095 shares trading hands.

Analyst Ratings Changes

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 112 price target on shares of Pan African Resources in a report on Thursday, November 27th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of GBX 112.

Pan African Resources Stock Up 2.8%

The firm’s 50 day moving average is GBX 103.10 and its 200-day moving average is GBX 80.52. The firm has a market cap of £2.50 billion, a PE ratio of 17.23, a P/E/G ratio of 8.95 and a beta of 0.89. The company has a quick ratio of 0.74, a current ratio of 0.78 and a debt-to-equity ratio of 35.80.

Pan African Resources Company Profile