Pan African Resources (LON:PAF) Shares Cross Below 200-Day Moving Average of $18.05

Pan African Resources PLC (LON:PAF – Get Rating) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 18.05 ($0.22) and traded as low as GBX 17.49 ($0.22). Pan African Resources shares last traded at GBX 18.12 ($0.22), with a volume of 2,278,009 shares trading hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 27 ($0.33) price objective on shares of Pan African Resources in a research note on Thursday, October 6th.

Pan African Resources Trading Down 1.1 %

The company has a debt-to-equity ratio of 13.22, a quick ratio of 0.74 and a current ratio of 0.95. The company has a 50 day moving average of GBX 17.42 and a two-hundred day moving average of GBX 18.03. The stock has a market cap of £353.40 million and a PE ratio of 614.67.

Pan African Resources Company Profile

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Pan African Resources PLC engages in the mining, extraction, production, and the sale of gold in South Africa. The company's flagship projects include the Barberton gold project that consists of three underground mines, including Fairview, Sheba, and Consort located in the Barberton Greenstone Belt; and Elikhulu tailings retreatment plant in Southern Africa.