Pan African Resources (LON:PAF) Reaches New 1-Year High – Here’s What Happened

Pan African Resources PLC (LON:PAFGet Free Report)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as GBX 40 ($0.49) and last traded at GBX 39.84 ($0.49), with a volume of 316479 shares. The stock had previously closed at GBX 39.60 ($0.49).

Pan African Resources Stock Performance

The firm has a market cap of £762.78 million, a price-to-earnings ratio of 1,324.27, a PEG ratio of 8.95 and a beta of 0.89. The stock’s fifty day moving average is GBX 35.55 and its two-hundred day moving average is GBX 32.82. The company has a debt-to-equity ratio of 36.10, a quick ratio of 0.74 and a current ratio of 0.71.

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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