Pan African Resources (LON:PAF) Reaches New 1-Year High at $22.60

Pan African Resources PLC (LON:PAF)’s stock price reached a new 52-week high during trading on Thursday . The company traded as high as GBX 22.60 ($0.29) and last traded at GBX 22.50 ($0.28), with a volume of 4140484 shares changing hands. The stock had previously closed at GBX 21.90 ($0.28).

Wall Street Analyst Weigh In

Separately, Berenberg Bank restated a “buy” rating and set a GBX 25 ($0.32) price objective on shares of Pan African Resources in a research report on Monday, February 5th.

Pan African Resources Trading Up 2.7 %

The stock has a market cap of £432 million, a PE ratio of 728.73, a price-to-earnings-growth ratio of 8.95 and a beta of 0.66. The stock has a 50-day moving average price of GBX 18.84 and a two-hundred day moving average price of GBX 16.86. The company has a debt-to-equity ratio of 28.41, a current ratio of 1.05 and a quick ratio of 0.74.

Pan African Resources Company Profile

Pan African Resources PLC engages in the mining, extraction, production, and sale of gold in South Africa. The company's flagship projects include the Barberton Mines that consists of three underground mines, including Fairview, Sheba, and Consort located in the Barberton Greenstone Belt; and Elikhulu tailings retreatment plant in Southern Africa.