Petropavlovsk (LON:POG) Share Price Crosses Above 200-Day Moving Average of $9.14

Petropavlovsk PLC (LON:POG) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $9.14 and traded as high as $10.04. Petropavlovsk shares last traded at $9.80, with a volume of 2,254,256 shares trading hands.

A number of brokerages recently issued reports on POG. Canaccord Genuity reiterated a “speculative buy” rating and issued a GBX 12 ($0.16) price target on shares of Petropavlovsk in a report on Tuesday, September 10th. Peel Hunt began coverage on Petropavlovsk in a report on Friday, September 20th. They set a “buy” rating and a GBX 17 ($0.22) target price for the company. Finally, Shore Capital restated a “not rated” rating on shares of Petropavlovsk in a report on Tuesday, September 10th.

The business has a fifty day simple moving average of GBX 9.94 and a two-hundred day simple moving average of GBX 9.14. The company has a debt-to-equity ratio of 100.05, a current ratio of 0.93 and a quick ratio of 0.29. The company has a market cap of $324.40 million and a PE ratio of 4.08.

Petropavlovsk Company Profile (LON:POG)

Petropavlovsk PLC operates as a gold exploration, development, and mining company in the Russian Far East. The company's principal mining assets include Pioneer, Albyn, Pokrovskiy, and Malomir located in the Amur region. It also produces silver deposits. In addition, the company provides management, finance, construction, project and engineering, research, repair and maintenance, transportation services; produces explosive materials; and operates educational institutes.

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