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Pan African Resources (LON:PAF) Stock Crosses Below Two Hundred Day Moving Average - Time to Sell?

Pan African Resources logo with Basic Materials background

Pan African Resources PLC (LON:PAF - Get Free Report) shares crossed 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.

Pan African Resources Stock Performance

The company has a debt-to-equity ratio of 35.80, a current ratio of 0.78 and a quick ratio of 0.74. The company has a market capitalization of £763.19 million, a price-to-earnings ratio of 16.50, a PEG ratio of 8.95 and a beta of 0.89. The company's 50-day moving average price is GBX 36.58 and its two-hundred day moving average price is GBX 34.46.

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.

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