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

Pan African Resources PLC (LON:PAF) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 33.27 ($0.41) and traded as high as GBX 38.10 ($0.47). Pan African Resources shares last traded at GBX 37.15 ($0.46), with a volume of 963,361 shares traded.

Pan African Resources Price Performance

The firm has a fifty day moving average of GBX 36.23 and a 200 day moving average of GBX 33.27. The company has a market capitalization of £713.28 million, a P/E ratio of 1,238.33, a P/E/G ratio of 8.95 and a beta of 0.89. The company has a current ratio of 0.71, a quick ratio of 0.74 and a debt-to-equity ratio of 36.10.

Pan African Resources Company Profile

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.