Pan African Resources (LON:PAF) Stock Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Pan African Resources PLC (LON:PAF)’s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 136.31 and traded as low as GBX 97.30. Pan African Resources shares last traded at GBX 97.84, with a volume of 6,524,122 shares.

Analyst Ratings Changes

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

Pan African Resources Stock Performance

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 stock has a 50-day moving average price of GBX 131.23 and a 200-day moving average price of GBX 136.02. The company has a market capitalization of £2.06 billion, a price-to-earnings ratio of 8.48, a PEG ratio of 8.95 and a beta of 0.73.

Insider Activity

In other Pan African Resources news, insider Keith Spencer sold 1,000,000 shares of the firm’s stock in a transaction dated Friday, April 17th. The shares were sold at an average price of GBX 157, for a total value of £1,570,000. Company insiders own 2.10% of the company’s stock.

About Pan African Resources