Pan African Resources (LON:PAF) Trading 9.9% Higher – What’s Next?

Pan African Resources PLC (LON:PAFGet Free Report) rose 9.9% during mid-day trading on Wednesday . The stock traded as high as GBX 160.40 and last traded at GBX 160.20. Approximately 8,635,302 shares changed hands during mid-day trading, a decline of 62% from the average daily volume of 23,019,322 shares. The stock had previously closed at GBX 145.80.

Pan African Resources News Summary

Here are the key news stories impacting Pan African Resources this week:

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on PAF. Canaccord Genuity Group boosted their price objective on shares of Pan African Resources from GBX 135 to GBX 160 and gave the stock a “buy” rating in a research note on Thursday, February 5th. Berenberg Bank reissued a “buy” rating and issued a GBX 154 price target on shares of Pan African Resources in a research note on Monday, February 9th. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of GBX 157.

View Our Latest Analysis on Pan African Resources

Pan African Resources Price Performance

The company has a debt-to-equity ratio of 35.80, a current ratio of 0.78 and a quick ratio of 0.74. The firm has a market capitalization of £3.25 billion, a price-to-earnings ratio of 22.37, a PEG ratio of 8.95 and a beta of 0.89. The business’s fifty day simple moving average is GBX 128.71 and its 200 day simple moving average is GBX 99.13.

About Pan African Resources

(Get Free Report)

Recommended Stories

Receive News & Ratings for Pan African Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pan African Resources and related companies with MarketBeat.com's FREE daily email newsletter.