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

Pan African Resources PLC (LON:PAF) shares hit a new 52-week high during mid-day 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. The stock had previously closed at GBX 21.90 ($0.28).

Wall Street Analyst Weigh In

Separately, Berenberg Bank reissued a “buy” rating and issued 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 business’s fifty day moving average is GBX 18.84 and its 200-day moving average is GBX 16.86. The stock has a market capitalization of £432 million, a PE ratio of 728.73, a P/E/G ratio of 8.95 and a beta of 0.66. The company has a quick ratio of 0.74, a current ratio of 1.05 and a debt-to-equity ratio of 28.41.

About Pan African Resources

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.