Pan African Resources PLC (LON:PAF - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 23.75 ($0.30) and last traded at GBX 23.50 ($0.30), with a volume of 3707659 shares changing hands. The stock had previously closed at GBX 23 ($0.29).
Analysts Set New Price Targets
Separately, Berenberg Bank restated a "buy" rating and issued a GBX 25 ($0.32) target price on shares of Pan African Resources in a report on Monday, February 5th.
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Pan African Resources Stock Up 2.2 %
The firm has a market capitalization of £451.20 million, a PE ratio of 783.33, a P/E/G ratio of 8.95 and a beta of 0.66. The firm's 50 day moving average price is GBX 19.75 and its two-hundred day moving average price is GBX 17.30. 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
(
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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.
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