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Pan African Resources (LON:PAF) Reaches New 52-Week High - Time to Buy?

Pan African Resources logo with Basic Materials background

Pan African Resources PLC (LON:PAF - Get Free Report) shares reached a new 52-week high on Friday . The stock traded as high as GBX 46.78 ($0.62) and last traded at GBX 46.48 ($0.62), with a volume of 1759450 shares changing hands. The stock had previously closed at GBX 43.60 ($0.58).

Pan African Resources Trading Up 3.5 %

The firm's fifty day moving average is GBX 39.05 and its two-hundred day moving average is GBX 37.06. The firm has a market capitalization of £1.08 billion, a PE ratio of 23.38, a PEG ratio of 8.95 and a beta of 0.89. 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

(Get Free Report)

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.

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