Pan African Resources (LON:PAF) Reaches New 52-Week High – Should You Buy?

Pan African Resources PLC (LON:PAFGet Free Report) shares reached a new 52-week high on Thursday . The stock traded as high as GBX 40.35 ($0.50) and last traded at GBX 40.27 ($0.50), with a volume of 7875211 shares traded. The stock had previously closed at GBX 37.15 ($0.46).

Pan African Resources Trading Down 0.6 %

The firm has a market capitalization of £768 million, a P/E ratio of 1,333.33, a P/E/G ratio of 8.95 and a beta of 0.89. The company has a current ratio of 0.71, a quick ratio of 0.74 and a debt-to-equity ratio of 36.10. The company’s fifty day moving average is GBX 36.38 and its 200-day moving average is GBX 33.45.

About Pan African Resources

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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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