Pan African Resources (LON:PAF) Share Price Crosses Above 50-Day Moving Average – What’s Next?

Pan African Resources PLC (LON:PAF)’s share price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 103.10 and traded as high as GBX 122.40. Pan African Resources shares last traded at GBX 120.30, with a volume of 7,898,095 shares changing hands.

Analysts Set New Price Targets

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 112 price target on shares of Pan African Resources in a report on Thursday, November 27th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of GBX 112.

Pan African Resources Stock Performance

The company has a current ratio of 0.78, a quick ratio of 0.74 and a debt-to-equity ratio of 35.80. The stock’s 50 day moving average is GBX 103.10 and its 200 day moving average is GBX 80.52. The stock has a market capitalization of £2.50 billion, a price-to-earnings ratio of 17.23, a PEG ratio of 8.95 and a beta of 0.89.

About Pan African Resources