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

Pan African Resources PLC (LON:PAF)’s share price reached a new 52-week high 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 traded. The stock had previously closed at GBX 24.40 ($0.30).

Wall Street Analysts Forecast Growth

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

Pan African Resources Trading Up 0.6 %

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

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.