Pan African Resources PLC (OTCMKTS:PAFRF – Get Free Report) shares were down 25.4% during trading on Tuesday . The stock traded as low as $1.5285 and last traded at $1.53. Approximately 6,870 shares changed hands during trading, an increase of 126% from the average daily volume of 3,042 shares. The stock had previously closed at $2.05.
Pan African Resources Price Performance
The firm’s 50 day moving average is $1.99 and its 200-day moving average is $1.81.
About Pan African Resources
Pan African Resources is a South Africa–focused gold mining and exploration company with diversified operations in the country’s prolific Witwatersrand and Barberton mining districts. The company’s core business activities include the extraction, processing and sale of gold from both conventional hard rock mines and retreatment of tailings. Through its flagship Evander Gold Mines and Barberton Mines operations, Pan African produces saleable gold doré bars while continuously investing in exploration and development projects to extend mine life and enhance production efficiency.
In addition to conventional mining, Pan African Resources operates a significant tailings retreatment plant at the Elikhulu Complex, which recovers gold from historic waste material and contributes to both sustainable resource utilization and environmental rehabilitation.
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