Pan African Resources (LON:PAF) Reaches New 12-Month High – What’s Next?

Pan African Resources PLC (LON:PAFGet Free Report) reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 42.65 ($0.55) and last traded at GBX 42.45 ($0.55), with a volume of 34595344 shares changing hands. The stock had previously closed at GBX 40.80 ($0.53).

Pan African Resources Stock Up 4.0 %

The business has a fifty day moving average of GBX 37.09 and a 200 day moving average of GBX 35.29. The firm has a market cap of £926.96 million, a P/E ratio of 20.05, a P/E/G ratio of 8.95 and a beta of 0.89. The company has a quick ratio of 0.74, a current ratio of 0.78 and a debt-to-equity ratio of 35.80.

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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