Pan African Resources (LON:PAF) Hits New 1-Year High at $25.50

Pan African Resources PLC (LON:PAF) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 25.50 ($0.32) and last traded at GBX 23.90 ($0.30), with a volume of 4148965 shares trading hands. The stock had previously closed at GBX 24.40 ($0.30).

Wall Street Analyst Weigh In

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 25 ($0.31) price target on shares of Pan African Resources in a research report on Monday, February 5th.

Pan African Resources Trading Up 0.6 %

The firm’s 50-day moving average is GBX 20.60 and its 200-day moving average is GBX 17.71. The company has a current ratio of 1.05, a quick ratio of 0.74 and a debt-to-equity ratio of 28.41. The firm has a market cap of £464.64 million, a price-to-earnings ratio of 801.67, a P/E/G ratio of 8.95 and a beta of 0.66.

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.