Pan African Resources (LON:PAF) Shares Pass Below 200 Day Moving Average – Time to Sell?

Pan African Resources PLC (LON:PAF)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 135.54 and traded as low as GBX 104.88. Pan African Resources shares last traded at GBX 107.85, with a volume of 5,502,042 shares trading hands.

Wall Street Analyst Weigh In

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

Pan African Resources Stock Performance

The company has a quick ratio of 0.74, a current ratio of 0.98 and a debt-to-equity ratio of 20.15. The company’s fifty day simple moving average is GBX 142.94 and its 200 day simple moving average is GBX 135.54. The stock has a market capitalization of £2.18 billion, a price-to-earnings ratio of 9.00, a P/E/G ratio of 8.95 and a beta of 0.78.

Insider Activity at Pan African Resources

In related news, insider Keith Spencer sold 1,000,000 shares of the company’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