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 hit a new 52-week high during mid-day trading on Tuesday . The stock 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 Performance

The firm has a market capitalization of £907.31 million, a price-to-earnings ratio of 19.62, a PEG ratio of 8.95 and a beta of 0.89. The company has a current ratio of 0.78, a quick ratio of 0.74 and a debt-to-equity ratio of 35.80. The stock’s 50-day moving average is GBX 37.39 and its 200-day moving average is GBX 35.45.

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.

Further Reading

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