Pan African Resources (LON:PAF) Stock Price Passes Below 200-Day Moving Average – What’s Next?

Pan African Resources PLC (LON:PAFGet Free Report)’s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 133.91 and traded as low as GBX 88.20. Pan African Resources shares last traded at GBX 88.84, with a volume of 3,553,581 shares changing hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reduced their price objective on shares of Pan African Resources from GBX 165 to GBX 153 and set a “buy” rating for the company in a research report on Monday, June 1st. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of GBX 156.50.

Check Out Our Latest Report on PAF

Pan African Resources Stock Up 0.3%

The company has a debt-to-equity ratio of 19.51, a current ratio of 0.98 and a quick ratio of 0.74. The company has a market cap of £1.80 billion, a price-to-earnings ratio of 7.43, a P/E/G ratio of 8.95 and a beta of 0.70. The firm has a 50-day moving average price of GBX 113.60 and a 200 day moving average price of GBX 133.91.

Pan African Resources Company Profile

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