Pan African Resources (LON:PAF) Sets New 1-Year Low - Here's What Happened

Pan African Resources PLC (LON:PAF - Get Free Report) hit a new 52-week low during trading on Tuesday . The stock traded as low as GBX 0.55 ($0.01) and last traded at GBX 55 ($0.74), with a volume of 22693299 shares. The stock had previously closed at GBX 53.80 ($0.72).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank upped their target price on Pan African Resources from GBX 55 ($0.74) to GBX 71 ($0.95) and gave the company a "buy" rating in a research report on Wednesday, July 2nd.

Pan African Resources Trading Down 0.7%

The firm has a market cap of £1.20 billion, a P/E ratio of 25.94, a price-to-earnings-growth ratio of 8.95 and a beta of 0.89. The firm has a fifty day simple moving average of GBX 48.52 and a 200-day simple moving average of GBX 43.27. The company has a debt-to-equity ratio of 35.80, a current ratio of 0.78 and a quick ratio of 0.74.

Pan African Resources Company Profile

Pan African is an African-focused mid-tier gold producer, with annual production capacity of over 200,000 oz/year from long-life (+20 years) underground mines in the prolific Witwatersrand Basin and the Barberton Greenstone Belt, as well as from low-cost high-margin environmentally remediating surface remining operations.