Pan African Resources (LON:PAF) Shares Up 9.9% – Here’s Why

Pan African Resources PLC (LON:PAFGet Free Report)’s stock price traded up 9.9% during mid-day trading on Wednesday . The stock traded as high as GBX 160.40 and last traded at GBX 160.20. 8,635,302 shares changed hands during mid-day trading, a decline of 62% from the average session volume of 23,019,322 shares. The stock had previously closed at GBX 145.80.

Key Pan African Resources News

Here are the key news stories impacting Pan African Resources this week:

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Berenberg Bank reissued a “buy” rating and set a GBX 154 price objective on shares of Pan African Resources in a report on Monday, February 9th. Canaccord Genuity Group upped their price objective on Pan African Resources from GBX 135 to GBX 160 and gave the stock a “buy” rating in a research note on Thursday, February 5th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, Pan African Resources has a consensus rating of “Buy” and a consensus price target of GBX 157.

Check Out Our Latest Report on Pan African Resources

Pan African Resources Trading Up 9.9%

The company has a market cap of £3.25 billion, a PE ratio of 22.37, a PEG ratio of 8.95 and a beta of 0.89. The company has a debt-to-equity ratio of 35.80, a quick ratio of 0.74 and a current ratio of 0.78. The company has a 50 day simple moving average of GBX 127.72 and a two-hundred day simple moving average of GBX 98.70.

About Pan African Resources

(Get Free Report)

See Also

Receive News & Ratings for Pan African Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pan African Resources and related companies with MarketBeat.com's FREE daily email newsletter.