Pan African Resources (LON:PAF) Share Price Crosses Below 200 Day Moving Average – Should You Sell?

Shares of Pan African Resources PLC (LON:PAF) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 34.34 ($0.43) and traded as low as GBX 33.85 ($0.43). Pan African Resources shares last traded at GBX 34 ($0.43), with a volume of 4,392,954 shares traded.

Pan African Resources Stock Up 2.6 %

The firm has a market capitalization of £762.09 million, a P/E ratio of 16.48, a price-to-earnings-growth ratio of 8.95 and a beta of 0.89. The company has a current ratio of 0.78, a quick ratio of 0.74 and a debt-to-equity ratio of 35.80. The company’s fifty day simple moving average is GBX 36.74 and its 200 day simple moving average is GBX 34.34.

About Pan African Resources

Pan African is an African-focused mid-tier gold producer, with annual production capacity of over 200,000 oz/year from long-life (+20 years) underground mines in the prolific Witwatersrand Basin and the Barberton Greenstone Belt, as well as from low-cost high-margin environmentally remediating surface remining operations.