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

Pan African Resources PLC (LON:PAFGet Free Report)’s stock price 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 Price Performance

The firm has a market cap of £762.09 million, a PE ratio of 16.48, a PEG ratio of 8.95 and a beta of 0.89. The business has a fifty day moving average of GBX 36.74 and a 200-day moving average of GBX 34.34. The company has a current ratio of 0.78, a quick ratio of 0.74 and a debt-to-equity ratio of 35.80.

Pan African Resources Company Profile

(Get Free Report)

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.

Further Reading

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