Pathfinder Minerals (LON:PFP) Shares Pass Above 200-Day Moving Average of $0.62

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Pathfinder Minerals PLC (LON:PFP) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.62 and traded as high as $0.62. Pathfinder Minerals shares last traded at $0.60, with a volume of 772,906 shares.

The stock’s 50 day simple moving average is GBX 0.72 and its two-hundred day simple moving average is GBX 0.62. The stock has a market cap of $2.23 million and a price-to-earnings ratio of -3.00.

In other Pathfinder Minerals news, insider Peter Taylor purchased 320,000 shares of the firm’s stock in a transaction on Friday, August 28th. The shares were purchased at an average price of GBX 74 ($0.97) per share, for a total transaction of £236,800 ($309,421.14).

About Pathfinder Minerals (LON:PFP)

Pathfinder Minerals Plc, a natural resource company, focuses on mining heavy mineral sands in Mozambique, southern Africa. It intends to mine for minerals, ilmenite, rutile, and zircon. The company holds interests in mining concession licenses that cover approximately 32,000 hectares of land on the Indian Ocean coast of the Zambezia province of Mozambique.

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