Pan African Resources (LON:PAF) Stock Price Crosses Below 200 Day Moving Average – Time to Sell?

Shares of Pan African Resources PLC (LON:PAFGet Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 136.12 and traded as low as GBX 111.50. Pan African Resources shares last traded at GBX 114.23, with a volume of 7,799,690 shares.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Research Report on Pan African Resources

Pan African Resources Trading Down 3.2%

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 company has a market cap of £2.29 billion, a price-to-earnings ratio of 9.46, a PEG ratio of 8.95 and a beta of 0.73. The business’s 50-day simple moving average is GBX 137.76 and its 200-day simple moving average is GBX 136.35.

Insider Buying and Selling at Pan African Resources

In other news, insider Keith Spencer sold 1,000,000 shares of the firm’s stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of GBX 157, for a total transaction of £1,570,000. 2.10% of the stock is currently owned by company insiders.

Pan African Resources Company Profile

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